How do payments work in your business? Your customers find what they prefer among your products and services. However, will they find a preferred payment method among your company’s supported methods?
show that businesses that offer multiple payment options increase revenue by nearly 30 percent. In turn, companies that accept four or more payment options increase their revenues several times! More than a third of small business customers left without a purchase just because the store did not accept payments in the forms they are used to.
It’s worth looking at how you can expand the range of available payments in your business. The financial sector rediscovered direct payments from bank accounts.
Pay by bank payment method is quickly gaining the favor of consumers and arousing general interest. Not all payment options have a potential user audience in 94% of American households, but pay by bank does.
In this article, I will talk about the features of pay by bank and how you can use the opportunities associated with it in your business.
Pay by bank is a streamlined payment solution that allows customers to make purchases or service payments directly from their bank accounts. This method bypasses traditional credit or debit card systems, transferring funds securely and immediately from the customer’s bank account to the business account.