Vesta survey shows increasing consumer spending through clothing, electronics and gastronomy

PORTLAND, Ore., June 17, 2021 / PRNewswire / – Vesta, an end-to-end transactional guarantee platform for online purchases, today released survey results showing an impressive surge in consumer spending driven by a return to life after the pandemic in the U.S. Nearly half (49%) of respondents gave more than $ 250 last month for non-essential items and 63% intend to spend at least money $ 100 on unnecessary things this month.

Most of the spending is on clothing, with 69% of respondents bought clothing in the last month and 54% intending to buy clothing in the next month. Eating out in restaurants followed, with 58% of respondents eating out last month and 36% planning to do the same in the next month. Electronics rounded out the categories with the highest spending, with 53% of respondents buying an electronic device last month and 41% planning to buy one in the next month.

The survey also found that most consumers still prefer to shop online, with 64% of purchases being made on desktops or mobile devices. 42% of respondents made their last non-essential purchases with a credit card and 30% used a debit card. Only 10% of purchases were made with cash.

“The fact that consumer spending is rising is undeniably a good thing for hundreds of thousands of merchants across the country who saw sales decline during the pandemic, but scammers will absolutely take advantage of consumers’s fondness for e-commerce and card payments. non-present (CNP) transactions, “said Ron Hynes, CEO of Vesta. “That’s why it’s so important that merchants take action now to prevent CNP fraud while preserving the customer experience and maximizing approvals for legitimate transactions.”

When asked what was their main reason for not making a purchase, 40% of respondents said they are reconnecting in general, while 23% said they would like to attend a specific event. 15% said going on vacation was the main reason for buying, 14% said their clothes no longer fit before the pandemic and 8% said it was because they returned to the office.

For more insights from the survey, including a breakdown by age and gender, see https://bit.ly/3wxoAMF. More information about Vesta can be found at www.vesta.io.

About Vesta
Vesta is the only platform for instant end-to-end transaction guarantees for online purchases, delivering unprecedented approval rates, better customer experiences and fraud prevention for leading brands in telecommunications, e-commerce, travel and financial services. Through machine learning backed by 25 years of transactional data history, Vesta increases the acceptance of legitimate sales for its customers while eliminating chargebacks and other forms of digital fraud, reducing the true cost of fraud to zero, and 100% liability for fraud be transmitted. including chargeback processing so customers can focus on increasing sales. The company is based in Portland, OR, with offices in Atlanta, Miami, Ireland, Mexico, and Singapore. For more information, visit www.vesta.io.

Media contact:
Michelle O’Rourke
Clarity PR for Vesta
[email protected]

SOURCE Vesta

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