More than half (55.8%) of failed payment transactions among UK SMEs are never recovered, according to new research by Access PaySuite. The survey of 250 UK SME finance and payments decision-makers found that 3.4% of transactions fail on average. Nearly 50% of SMEs experience checkout abandonment, with an average rate of 7.8%. Whilst almost one…
Read moreMore than two-thirds (68%) of European small and medium enterprises (SMEs) are planning to adopt real-time payment processing in the next 12 months, according to new research by Vodeno. At present, just 10% of SMEs said they receive payments instantly, and only 11% within an hour. By comparison, 35% said it takes between two and three…
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