NEW YORK—As merchant acquirers prepare for an expected landslide of holiday purchase transactions, they might notice more big-ticket spending will be originating this year from mobile devices, according to Comscore.
Purchases of big-ticket items, defined as those costing more than $500, hit an inflection point last year, as significantly more consumers were completing transactions for these items on mobile devices, Comscore data shows.
“Data shows this trend has not only continued, it's accelerated. Two or three years ago, few consumers were comfortable purchasing appliances, couches or other similar items on mobile phones. Now, we see this type of activity far more regularly, stated Digital Transactions in its analysis.