Buyers have more ways to pay for things than ever before: Apple Pay, Venmo, credit cards and dozens of other options. Credit cards have long been the default option of choice. A credit card can be expensive if you don’t pay your balance in full, and higher interest rates have now raised the cost of carrying a credit-card balance. Debit cards don’t offer the same rewards as credit cards since their issuers make less money from each transaction. Checking out with a wallet is typically faster than paying with a credit card directly since one doesn’t have to re-enter billing information and shipping address.

Source: Wall Street Journal August 08, 2023 23:58 UTC