Small Business Payment Pain Points and Trends

This month Payments Canada released survey results from Canadian small business owners show that 1 in 4 Canadian businesses struggles with cashflow and that the top 2021 priority for 2 in 5 small businesses will be to improve overall efficiency to simplify and enhance everyday payment interactions. Some other pain points and trends from the survey include:

VoPay eliminates all these payment pain points through its single API or payment portal:

• Improved cashflow through faster funding times and reduced NSFs

• Reduced fraud through verified users and bank accounts

• Increased efficiencies through paperless payments requiring no banking information and real-time reporting

Learn more here.