{"id":27299,"date":"2024-10-03T09:43:33","date_gmt":"2024-10-03T17:43:33","guid":{"rendered":"https:\/\/trc-parus.ru\/?p=27299"},"modified":"2024-10-03T09:43:34","modified_gmt":"2024-10-03T17:43:34","slug":"a-market-overview-of-payment-terminals-in-the-usa-in-2024","status":"publish","type":"post","link":"https:\/\/trc-parus.ru\/blog\/a-market-overview-of-payment-terminals-in-the-usa-in-2024\/","title":{"rendered":"A Market Overview of Payment Terminals in the USA in 2024"},"content":{"rendered":"\t\t
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Payment terminals, often referred to as point-of-sale (POS) terminals<\/a> or credit card machines, are devices that enable businesses to accept electronic payments from customers.\u00a0<\/p>

There is a difference between a payment terminal (credit card machine)<\/a> and a POS.\u00a0In general terms, a payment terminal is a tool that just takes payments, while a POS system is a full toolkit that not only takes payments but also helps run various parts of a business. If you only need to accept card payments, a payment terminal might be enough. But if you want to track sales, manage inventory, and analyze business data, a POS system would be more appropriate.<\/span><\/p>

In the United States, payment terminals have become an integral part of commerce, facilitating transactions in retail stores, restaurants, service industries, and more.\u00a0<\/p>

This article provides a look at the payment terminal landscape in the USA, highlighting key statistics, market leaders, popular models, and emerging trends.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Payment Terminal Market Overview<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the United States, the use of credit cards has grown over the years. As of 2023, there are approximately\u00a01.1 billion<\/strong>\u00a0credit cards in circulation in the U.S., with the average American carrying about four credit cards. This widespread use reflects the convenience and flexibility that credit cards offer for everyday purchases.<\/p>

Annually, credit card transactions in the U.S. amount to\u00a0$4.8 trillion<\/strong>, representing a substantial portion of consumer spending. Major credit card networks like Visa, Mastercard, American Express, and Discover dominate the market, processing billions of transactions each year. The rise of e-commerce has further boosted credit card usage, with online retail sales surpassing $1.2 trillion in 2023.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Total Credit Card Payments Amount in the USA by Year<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Year<\/th>

Credit Card Purchase Volume in USA (USD Trillions)<\/p><\/th><\/tr><\/thead>

2013<\/td>

$2.5 trillion<\/p><\/td><\/tr>

2014<\/td>

$2.7 trillion<\/p><\/td><\/tr>

2015<\/td>

$2.9 trillion<\/p><\/td><\/tr>

2016<\/td>

$3.1 trillion<\/p><\/td><\/tr>

2017<\/td>

$3.4 trillion<\/p><\/td><\/tr>

2018<\/td>

$3.7 trillion<\/p><\/td><\/tr>

2019<\/td>

$4 trillion<\/p><\/td><\/tr>

2020<\/td>

$3.8 trillion<\/p><\/td><\/tr>

2021<\/td>

$4.2 trillion<\/p><\/td><\/tr>

2022<\/td>

$4.5 trillion<\/p><\/td><\/tr>

2023<\/td>

$4.8 trillion<\/p><\/td><\/tr><\/tbody><\/table>\n <\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The adoption of payment terminals in the USA has seen significant growth over the past decade. With the <\/span>increasing preference for cashless transactions<\/a>, businesses are investing in advanced payment solutions to meet customer demands.<\/span><\/p>