NEW YORK—New research suggests security concerns are at the heart of distinctions between consumers’ attitudes toward using debit, credit or other options to pay online.
Thirty-five percent of credit card users believe they offer protection against theft of funds, twice the share of debit card users with this same view of the payment method, a Pymnts.com study shows.
“Consumers also appear to have more confidence in the overall security of credit cards, as 27% of credit card users cite data security as a motivating factor, while only 14% of debit card users cited it,” Pymnts.com said.
In addition, 41% of consumers prefer to pay online with credit cards, while 31% prefer debit and 15% prefer digital wallets, the report stated.