Millennials Are Paying for Weddings Via Phone - Other News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Millennials Are Paying for Weddings Via Phone

Millennials Are Paying for Weddings Via Phone

The content is accurate at the time of publication and is subject to change.

When it comes to paying for their weddings, Millennials are phoning it in—literally.

A recent survey from PayPal and The Knot, a wedding resource website, showed that Millennial couples are paying wedding vendors via electronic and mobile payments, largely done via smartphone.

Saying that this demographic is “more financially savvy” than previous generations, Kristen Maxwell Cooper, The Knot’s deputy editor, added that since “electronic and mobile payments are becoming the norm in all facets of life, it’s no surprise that engaged couples want this option.”

Perhaps due to “check fatigue”—the feeling that they are always writing checks, reported by 58% of brides—89% of couples prefer the convenience of paying vendors electronically. Forty-four percent of couples said they wished they could pay all wedding vendors with their phones, and 42% were surprised that not all vendors accept electronic payments. Almost half (48%) of couples were worried they’d forget to pay vendors on the big day, and 70% wished they could set up automatic payments for any remaining balances on the wedding day.

Budgets are a priority

Besides using their smartphones to pay vendors, Millennial sweethearts are also being financially savvy by setting wedding budgets. Thirty-one percent of couples reported deciding on a wedding budget as soon as they got engaged. Brides took the lead on managing that budget, with 45% saying they are responsible for monitoring spending and keeping to the budget. Twenty-nine percent of couples said they manage the wedding budget together.

Stress is always a factor in wedding planning

Regardless of how they pay for their weddings, the planning is often stressful for couples. Sixty-eight percent of brides-to-be said they catch themselves thinking about wedding budgets and finances all the time,and 49% said they’ve had a few difficult discussions with their partnersabout wedding finances.

Engaged couples use different methods to pay different wedding vendors. Ninety-nine percent of couples paid for at least some services using joint checking or savings accounts. Thirty-six percent used credit cards to pay certain vendors, and 21% said using a credit card enabled them to spend more than they could actually afford. Nearly half (49%) said they used cash to pay at least one of their wedding vendors. Sixteen percent borrowed money from friends or family to cover wedding expenses, and 17% took out loans from financial institutions.


The Knot commissioned a survey which included responses from 1,111 people planning weddings within six months.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

MasterCard and PayPal Stay Together
MasterCard and PayPal Stay Together

Posted: August 15, 2016

The PayPal Extras MasterCard co-branded consumer credit card is still in play with an announcement that the pair have inked a multi-year extension deal for the credit card program in the U.S. and Puerto Rico. Continue reading

Pay With MasterCard Via PayPal
Pay With MasterCard Via PayPal

Posted: September 09, 2016

PayPal and MasterCard have inked a deal giving MasterCard prime time visibility in the PayPal matrix. Whether using PayPal to buy a movie ticket, dinner or something else people will be able to choose to pay directly with their MasterCard… Continue reading

Citi and PayPal Partner Up
Citi and PayPal Partner Up

Posted: January 02, 2017

If you have ever wished you could easily use your Citi Card with PayPal, you are now in luck because you will be able to do just that starting in 2017. Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn unlimited 1.5% cash back on every purchase, every day
For Average, Fair, Limited Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!