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If you’re not already convinced, these incredible credit card usage stats from Australia and the USA will assure all tour operators that it’s time to start accepting credit card payments online.
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ASTONISHING CREDIT CARD
STATISTICS FOR TOUR OPERATORS
If you’re not already convinced, these incredible credit card usage stats from Australia and the USA will assure
all tour operators that it’s time to start accepting credit card payments online.
AUSTRALIAN CREDIT CARD STATS
1. In 1985, Aussies spent on average $546.58 million each month with credit cards and charge cards…
SOURCE: Reserve Bank of Australia
In July 2013 this monthly figure has increased to $22.97 billion
1. In 1985, Aussies spent on average $546.58 million each month with credit cards and charge cards…
SOURCE: Reserve Bank of Australia
2. The number of debit accounts in May 1994 was at $12.46 million...
SOURCE: Reserve Bank of Australia
2. The number of debit accounts in May 1994 was at $12.46 million...
In 2013, debit account ownership has jumped to $37 billion
SOURCE: Reserve Bank of Australia
3. Back in 1985, average credit card balances were $2.63 billion a month...
SOURCE: Reserve Bank of Australia
3. Back in 1985, average credit card balances were $2.63 billion a month...
In July 2013, the average monthly credit card and cash balance was $44.19 billion
SOURCE: Reserve Bank of Australia
4. Credit limits in January 1985 were $7.53 billion...
SOURCE: Reserve Bank of Australia
In January 2013, credit limits hit $139.95 billion
SOURCE: Reserve Bank of Australia
4. Credit limits in January 1985 were $7.53 billion...
5. In 1985 total cash advances averaged $110.83 million...
SOURCE: Reserve Bank of Australia
5. In 1985 total cash advances averaged $110.83 million...
In July 2013, the monthly average was $886 million - supposedly to keep up with increased costs and spending
SOURCE: Reserve Bank of Australia
USA CREDIT CARD STATS
1. The total number of credit card transactions in the United States in 2003 was $19 billion…
SOURCE: 2013 Federal Reserve Payments Study
SOURCE: 2013 Federal Reserve Payments Study
In 2012, this figure shot up to $26.2 billion
1. The total number of credit card transactions in the United States in 2003 was $19 billion…
2. In 2003, cards were being used for 43% of all noncash payments...
SOURCE: 2013 Federal Reserve Payments Study
SOURCE: 2013 Federal Reserve Payments Study
In 2012, the share of credit card payments increased to 67%
2. In 2003, cards were being used for 43% of all noncash payments...
3. In 2012, 62% of credit card users surveyed used their cards to buy travel
SOURCE: AARP Bulletin Survey on Budgeting & Credit Card Use
4. Those age 50 and up were more likely than those age 18 to 49 to use their credit card for travel (68% vs 55%)
SOURCE: AARP Bulletin Survey on Budgeting & Credit Card Use
5. 46% of debit card holders said they used their debit cards most often when online shopping, compared with 40% who said credit cards and 2% who said cash
SOURCE: 2011 Consumer Debit Research: Final Report of Survey and Focus Group Results
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