More than Three-Quarters of Consumers with Nonprime Credit Anticipate Using Flexible Payment Options This Holiday Season, New Katapult Survey Shows
Those living paycheck to paycheck, without credit, or with non-prime credit are especially vulnerable to the effects of inflation.
- Those living paycheck to paycheck, without credit, or with non-prime credit are especially vulnerable to the effects of inflation.
- In fact, nearly a quarter (24%) of respondents said they feel relieved when they see a merchant offers flexible payment options.
- Younger consumers are particularly eager to use alternative payment solutions this holiday season and will specifically seek out retailers that offer those options.
- By offering flexible payment options, retailers can reach younger customers now and earn their loyalty for years to come.