According to a GoBankingRates survey of 1,000 US millennial users, 58% of respondents reported that their preferred method of getting paid was in cash. This is interesting, considering the increase in P2P payments like Venmo and Square Cash.
11% wanted to get paid by PayPal, 8% wished for a bank transfer, and 8% preferred a check. P2P payments were even lower. Despite this report, P2P transactions are set to increase from $15.22 billion in 2014 to $270.93 billion in 2019.
Read the entire article at eMarketer.
Photo credit: Clem Onojeghuo