How Businesses Get Paid In America [Infographic]
The evolution of payments in America has been dramatic. While most consumers (60%) used cash in 1995, that number dropped to 32% by 2003. Between the mid-2000s and the present, mobile payments have taken off. By 2015, mobile payments will amount to $214 billion, according to a study from MasterCard. This infographic, created by Merchant Warehouse, lays out the history of how businesses have been paid, from the 1400s through the present and into the future.