Preferred B2B payment methods North America 2018
Automated clearing house (ACH) transactions were the most preferred B2B payment method in North America in 2018, marked as most preferred by 53 percent of respondents. Over 40 percent of respondents marked payment by check as the least preferred, making that the least popular method of payment between businesses.
Payment methods
Technology is changing the way businesses pay each other, as well as how consumers pay businesses. The number of near-field-communication (NCF) and mobile point-of-sale (m-POS) users are increasing, leading to safer transactions at the point of sale. Financial technology, or Fintech firms are also transforming payments, particularly mobile payment technology.
The future of cash
While the number of non-cash transactions is increasing, the demand for cash is still relevant. Many Europeans still carry and amount of cash in their wallet, and many businesses still require cash payment. Electronic options are increasingly common, but cash will remain a significant factor for the foreseeable future.
Payment methods
Technology is changing the way businesses pay each other, as well as how consumers pay businesses. The number of near-field-communication (NCF) and mobile point-of-sale (m-POS) users are increasing, leading to safer transactions at the point of sale. Financial technology, or Fintech firms are also transforming payments, particularly mobile payment technology.
The future of cash
While the number of non-cash transactions is increasing, the demand for cash is still relevant. Many Europeans still carry and amount of cash in their wallet, and many businesses still require cash payment. Electronic options are increasingly common, but cash will remain a significant factor for the foreseeable future.
