Card Payments Are Gaining Popularity Among Cruise Passengers
A recent study by Currensea, a provider of travel debit cards, indicates that cruise passengers are increasingly opting for card payments instead of cash. According to the report, 49% of cruisers plan to carry less cash on their next voyage.
This change reflects a broader trend where cruise passengers are relying on card payments and other digital payment methods for greater convenience and better value.
Shifting Away from Cash
Historically, cruise passengers have depended heavily on cash due to the necessity of carrying multiple currencies while visiting various countries. Yet, this approach has led to confusion for many, with 28% of passengers finding it hard to manage different currencies. Returning from a cruise, 18% believe they lose money on fees when converting unused cash back to their home currency.
Additionally, 31% of travelers feel that cruises today provide less value for money than previously, highlighting the need to make the most of their holiday budgets. This sentiment is compounded by steep exchange rates on cruise ships, with 50% of cruisers describing the conversion fees as ’extortionate.'
Challenges at Sea
Moreover, cruise passengers face additional obstacles with money management onboard, as only 27% report sufficient mobile connectivity to recharge prepaid cards or transfer funds, which may force them into expensive onboard exchanges.
Despite increased cruise costs, the demand remains high, with 42% of travelers expressing a desire to prioritize cruising over other types of vacations, regardless of expense.
Insights from Currensea’s Co-Founder
James Lynn, co-founder of Currensea, commented: “Cruise passengers are turning away from cash, seeking the convenience and reliability of card payments. When mobile signals fail, passengers often have no choice but to use costly ATMs on ships, receiving unfavorable rates. A travel card linked to a current account eliminates bank fees and guarantees access to holiday funds at better rates.”
