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In this episode, we explore how risk perception—from financial and security concerns to social and temporal risks—shapes our everyday payment decisions. Learn how psychological factors like availability bias, loss aversion, and trust influence consumer behavior, and discover what businesses are doing to reduce these risks with technologies like tokenization, biometric authentication, and AI-powered fraud detection. Whether you're a consumer curious about why certain payment methods feel safer or a business aiming to boost customer trust, this discussion offers valuable insights into the evolving landscape of digital payments.
If you find these insights helpful, subscribe and share for more in-depth conversations on consumer decision making in payments!
https://clearent.com/
About Clearent
Clearent is a leading full-service payment solutions provider that supercharged its success through the merger with software powerhouse Transaction Services Group. The resulting company is Xplor Technologies who serves over 800 partners and 66,000 businesses who process over $32 billion dollars. We are the first global company integrating smart software, seamless payments, and commerce accelerating technologies. Our mission is to help customers achieve more growth, faster.
LinkedIn: https://www.linkedin.com/company/clearent/
Facebook: https://www.facebook.com/GoClearent
X: https://x.com/GoClearent
Also On:
YouTube: https://www.youtube.com/playlist?list=PLfIF1nyOWRy7fpOim9mt9NS4le9nZWCbw
Apple Podcast: https://podcasts.apple.com/us/podcast/payment-pulse/id1796072902
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Join hosts Steve and Max on this enlightening episode of Payment Pulse, a Clearent by Xplor podcast, where they break down the hidden forces behind consumer spending in 2025. In today’s micro-series installment, the duo dives deep into the social factors that drive purchasing decisions—from the undeniable power of social proof and status spending to the FOMO effect that fuels impulse buys.
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How do consumers decide when to spend, save, or swipe their cards? In this episode of Payment Pulse, we explore the microeconomics behind consumer spending decisions—breaking down the psychology of trade-offs, budgeting, and incentives that shape how we pay.
From credit card rewards to the rise of Buy Now, Pay Later (BNPL), we uncover why certain payment methods drive more spending and how businesses can use these insights to better serve their customers.
Why do people choose card over cash? How do pricing, technology, and behavioral economics influence purchasing decisions? We answer these questions and more in this deep dive into consumer payment habits.
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Say hello to the Payment Pulse Podcast! In this episode, Max and Steve introduce the purpose behind this podcast and what listeners can expect in future episodes.