Cover for the PYMNTS and The Clearing House May 2023 Corporate Changes in Payment Practices: A Deep Dive into the Real Estate Industry

A Deep Dive Into the Real Estate Industry

Real Estate Firms Want Real-Time Payments Ubiquity Before Ditching Checks

Real Estate firms are ready to ditch legacy payments, but perceptions about real-time payments acceptance, along with higher acceptance rates of checks by business partners, is holding them back. Read more in “Corporate Changes in Payment Practices,” a collaboration with The Clearing House.

Inside the May Report

  • 70%: Portion of real estate firms citing speed as a reason for wanting to receive real-time payments
  • 14%: Share of real estate firms planning to adopt virtual card payments in the next year
  • 52%: Portion of real estate firms planning to adopt virtual cards because of transaction speed

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    Real-Time Payments Report