97% of SMBs Still Use Paper Checks For Payments

November 4, 2016 6:38 pm

We spotted this stat today:

“More than 80 percent of smaller merchants said they still could not accept contactless payments from digital wallets, like Apple Pay, Android Pay or Samsung Pay. And while the amount of information contained on the average check makes using them an increased security risk from more innovative forms of payment, 97 percent of those surveyed SMBs still rely on paper checks to make and accept B2B payments — a 1 percent improvement since Q1.”

Source

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