ARLINGTON, Va. – Card transactions of $10 or less have risen by more than six times since 2000, according to Cardwatch.com, an Internet site that tracks card data. Last year, Americans racked up more than $35 billion in small ticket purchases, led by quick service restaurant card purchases. Between 2003 and 2004, small ticket sales increased nearly 50% from $23.7 billion, the site reported, adding that fast food sales in 2004 hit $22.5 billion, wherein the average ticket hovers around $11 per transaction. Credit/debit card sales of transactions $5 or less grew from $10.8 billion to $13.5 billion last year, the site said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.