fbpx
PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Sales Channels Used by U.S. Small Businesses:

PaymentsJournal by PaymentsJournal
May 20, 2022
in Merchant, Small Business, Truth In Data
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left of your screen to receive notifications as soon as the episode publishes.

Data for today’s episode is provided by Mercator Advisory Group’s Report: Smart Point-of-Sale Terminals: A Rapid Transformation of Payments Acceptance

Sales Channels Used by U.S. Small Businesses:

  • 60% of U.S. small businesses use online/web sales.
  • 45% of U.S. small businesses use telephone order.
  • 45% of U.S. small businesses use physical store locations.
  • 42% of U.S. small businesses use mobile apps.
  • 22% of U.S. small businesses use mail order.
  • 20% of U.S. small businesses use third-party platforms such as GrubHub and Amazon.

About Report

Mercator Advisory Group’s most recent report, Smart Point-of-Sale Terminals: A Rapid Transformation of Payments Acceptance provides insight into this exciting new technology, and what every merchant needs to know about it.

‘Smart terminals’ is a relatively new term in the payments lexicon, but one that is becoming more widely discussed among merchants of all sizes, types, and categories. The strategy that drives orchestration is nothing less than a paradigm shift in the way that merchants view payment service providers. Rather than conduct due diligence to select a “best-of-breed” service provider for each functional area within payments, orchestration allows merchants of all sizes and scales to offer their customers a smooth shopping experience, be it digital, in-person, or other channels. The growing diversity in payment methods, including contactless and e-wallets, creates an environment where having the right partner is paramount towards achieving your payments and overall business goals. The right payments partner will equip a merchant with the necessary capabilities to operate in this rapidly digitizing business environment, where automation and frictionless experiences are vital in ensuring customer satisfaction and loyalty. Similarly, in order to help merchants provide these services, processors and other payments stakeholders must update their own services and products to keep up with the latest demands of the consumer market and regulatory requirements.

“This is a highly relevant and impactful report,” stated the author of the report, Shreyas Shaktikumar, Senior Analyst in the Merchant Services and Acquiring practice at Mercator Advisory Group. “We are following this trend among a number of similar technology trends that are making payments a frictionless and invisible part of our everyday activities.”

Tags: MerchantMerchantspayment channelsPoint of SalePOSPurchasing channelsSalesSmall BusinessSMBTruth In Data
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily
    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Why Complying with New PCI Standards Should Be Your Top Priority

    Why Complying with New PCI Standards Should Be Your Top Priority

    July 6, 2022
    Why Digital Trust Should Be a Top Priority For Banks

    Why Digital Trust Should Be a Top Priority For Banks

    July 5, 2022
    Digitization and Competition are Driving New Go-to-Market Models for Commercial Bankers

    Digitization and Competition are Driving New Go-to-Market Models for Commercial Bankers

    July 1, 2022
    SCA Compliance: Making It Work for Your Business

    SCA Compliance: Making It Work for Your Business

    June 30, 2022
    Fintech Ecommerce Revolution: The Ultimate Trends

    Fintech Ecommerce Revolution: The Ultimate Trends

    June 29, 2022
    Why Banks and Credit Unions Need Multiple Real-Time Payments Options

    Why Banks and Credit Unions Need Multiple Real-Time Payments Options

    June 28, 2022
    Unburdening Financial Institutions from Legacy Payments Systems

    Unburdening Financial Institutions from Legacy Payments Systems

    June 27, 2022
    Digital Enablement Capabilities Enhance the Online Customer Journey

    Digital Enablement Capabilities Enhance the Online Customer Journey

    June 24, 2022

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • COVID-19
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result