{"id":20878,"date":"2022-06-24T21:00:45","date_gmt":"2022-06-24T21:00:45","guid":{"rendered":"http:\/\/egrowonline.com\/?p=20878"},"modified":"2022-06-24T21:00:45","modified_gmt":"2022-06-24T21:00:45","slug":"85-of-big-retailers-accept-crypto-as-payment","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20878","title":{"rendered":"85% of Big Retailers Accept Crypto as Payment"},"content":{"rendered":"


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Merchants and consumers have had enough experience with cryptocurrencies that they understand the advantages they offer as a payment method.<\/p>\n

Forty-six percent of merchants currently accept cryptocurrency as a form of payment, according to \u201cPaying with Cryptocurrency,\u201d a PYMNTS and BitPay collaboration based on a survey of 2,334 consumers and 202 merchants with annual online sales of at least $250 million.<\/p>\n

Get the report:<\/strong> Paying with Cryptocurrency<\/a><\/p>\n

Big retailers are especially likely to accept crypto as a form of payment, as 85% of businesses with more than $1 billion in annual online sales say they accept some form of crypto-enabled payment method.<\/p>\n

Among smaller merchants \u2014 those with $250 million to $1 billion in annual online sales \u2014 just 23% accept crypto for purchases.<\/p>\n

The type of crypto payment that most merchants accept for in-store purchases is non-crypto-native digital wallets that enable crypto transactions, such as PayPal or Venmo. Ninety-four percent of customers are able to use cryptocurrency to pay for in-store purchases in that way.<\/p>\n

The other types of crypto payments that merchants accept for in-store purchases include cryptocurrency wallets, gift cards purchased from websites that accept cryptocurrency and cryptocurrency debit or prepaid cards. These are accepted by 46%, 4% and 2%, respectively, of merchants for in-store purchases.<\/p>\n

\"chart,\"chart,<\/p>\n

Non-crypto-native digital wallets are the type of crypto payment offered by most merchants for online purchases, too, with 94% of customers being able to use those to pay for online purchases.<\/p>\n

The shares of merchants that enable customers to use cryptocurrency to pay for online purchases in other ways include 13% offering cryptocurrency wallets, 2% offering gift cards purchased from websites that accept cryptocurrency and 2% offering cryptocurrency debit or prepaid cards.<\/p>\n

\"chart,\"chart,<\/p>\n

Seventy percent of merchants plan to adopt more crypto innovations in the next 12 months. Among the merchants that already accept cryptocurrency, 96% plan to make innovations related to accepting cryptocurrency within the next 12 months. Among the merchants that do not accept crypto, 42% plan to do so.<\/p>\n

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\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014<\/p>\n

NEW PYMNTS DATA:<\/span> THE TAILORED SHOPPING EXPERIENCE STUDY \u2013 MAY 2022<\/span><\/strong><\/p>\n

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About: <\/strong>PYMNTS\u2019 survey of 2,094 consumers for The Tailored Shopping Experience report, a collaboration with Elastic Path, shows where merchants are getting it right and where they need to up their game to deliver a customized shopping experience.<\/p>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Merchants and consumers have had enough experience with cryptocurrencies that they understand the advantages they offer as a payment method. Forty-six percent of merchants currently accept cryptocurrency as a form of payment, according to \u201cPaying with Cryptocurrency,\u201d a PYMNTS and BitPay collaboration based on a survey of 2,334 consumers and 202 merchants with annual online […]<\/p>\n","protected":false},"author":1,"featured_media":20879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[670,70,62,588,8896],"class_list":["post-20878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-accept","tag-big","tag-crypto","tag-payment","tag-retailers"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/cryptocurrency-3-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20878"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20878\/revisions"}],"predecessor-version":[{"id":20880,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20878\/revisions\/20880"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20879"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20878"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}