Innovating B2B Retail Payments
The Innovating B2B Retail Payments Playbook: Optimizing Payment Solutions For Business Customers edition, a PYMNTS and MSTS collaboration, details how B2C retailers can tailor their payments services to enable quick, seamless B2B transactions that suit business clients’ needs.
Inside the March study:
- 70.3 percent: Share of businesses that do not regularly use instant payments platforms that frequently experience cash shortfalls
- $10.08: Average cost of processing a single paper invoice
- 45.1 percent: Portion of businesses that collect data on suppliers’ past performances during the on boarding process