Millennials Finding Less Taste for Credit Cards
October 5, 2017 By: Steven Anderson, Payment Week Magazine
It’s not that millennials are afraid to pull out the plastic, a report from Entrepreneur noted, but rather that millennials prefer plastic backed by cash when it’s brought into play. Millennials increasingly prefer debit cards and prepaid credit cards to actual credit lines that need to be paid off later. Plus, as much as millennials love mobile payment systems, there are also plenty of them out there who stick to cash.That would be a note of concern for many retailers, except that there are some principles recommended to help take advantage of the millennial resistance to credit cards. Putting a greater emphasis on social connection is one point, along with offering short-term financing. ...
Making a better customer experience can go a long way toward keeping even gun-shy millennials buying. In the end, that’s mostly what it’s all about. Make the best customer experience you can. Millennials love experiences; we saw as much recently with the issue of quick-service restaurants, and how a high-quality experience kept millennial diners coming back. Building trust and offering the tools that millennials want will also be a key point in keeping that business going.Millennials are responsible for a lot of spending right now, and they’re on track to be one of the biggest-spending generations yet. Understanding what they want will be the ultimate key toward merchants landing a piece of that spending pie.
DW has all the tools that your merchant needs to fulfill his customers' desires, regardless of age-group!
WHATEVER YOU DO, KEEP ON HELPING MERCHANTS!
The opportunity that is Digital World, that of being an Agent who saves merchants money on a necessary cost of doing business in today's world, means that you can build for yourself and your loved ones a monthly income check that is practically unstoppable.
Just ask ONE OF THOSE DW Agents who just received their monthly residual check from a few merchants that they have and a few merchants of Agents in their team!
It's like compound interest (which this world doesn't have anymore EXCEPT in our biz): IT ADDS UP!
Mike and I have had a few rejections in this business: so we know what it feels like. But we urge you: KEEP ON CHECKING IN WITH YOUR dwpinterface.com . Refresh your knowledge with a video or two. For example, check the digitalworldmerchant.com site (get the direct link to your site through the 'links' section of your interface).