US consumers’ payment preferences are subtly shifting. Many consumers are leaning more on credit cards, though others are turning to credit alternatives like buy now, pay later (BNPL) in the face of financial health concerns. And newer options like crypto and account-to-account (A2A) payments could become increasingly viable. Here’s what influences how consumers pay at checkout and how payment providers and retailers can respond to maximize conversion.

Key Question: How are consumers paying for retail purchases in 2025?

Key Stat: Total payment card transaction value will grow 4.3% in 2025, per our forecast, as debit and credit cards continue to steal share from cash and checks.