Consumers of e-commerce in Mexico prefer to pay with a debit card than a credit card for the first time in 5 years


By CAPosts 03 December, 2020 - 08:00pm 38 views

Before the coronavirus, many consumers still did not dare to buy online, they preferred the traditional way; but the pandemic arrived, and with it the confinement, thus electronic commerce became the option

The National Commission for the Protection and Defense of Users of Financial Services (Condusef) reported that the last two quarters of 2020, are already seen reflected changes in consumption habits derived from the contingency caused by Covid-19 and isolation measures

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The amount spent with the debit card increased 41% between the first and second quarters and 51% between the first and third quarters

According to figures from the Condusef as of September of this year, and since 2015, purchases made via the internet with a debit card (45.125 million pesos) were higher than those made with a credit card (44.654 million pesos), which happened in the third quarter of 2020

Electronic commerce consumers prefer debit cards over credit cards

Thus, as of the third quarter of 2020, and they carried out around 394 million operations in electronic commerce, 30% more compared to the same period of 2019.

The debit card stands out, whose operations grew 40% in number and 71% in its amount compared to 2019; In contrast, credit card purchases only increased 11% in number and 16% in amount.

As happened in the second quarter of 2020, in the third, the behavior of consumption through the Internet was more cautious by giving preference to the use of the debit card; In other words, opting for the use of own resources on the credit granted through a card, due to the economic and practical effects caused by the pandemic and

the healthy distance, explained the agency in a statement.

If you are from consumers who prefer to buy online, do not neglect:

In the face of the increase in electronic commerce, Condusef reminds you of some security tips when carrying out online operations:

Before buying

Find out about the types of fraud so that you can identify them in case of that on any web page they want to make you a victim.To know how the different types of fraud operate you can visit the Financial Fraud Portal. Avoid accessing offers that arrive via email, as they can lead to unsafe places. Instead, go directly to the store page. Remember that you can use digital cards that provide more security than traditional ones because they generate a unique number; check with your card issuer for this option

During purchase

Check the presence of a small closed padlock in the browser window before entering your card details Save or print the payment vouchers, as well as the confirmation of the purchase, since you will need them in case of a claim or return.

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Source: MSN