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Leading Research and Consulting Firm Releases 2021 Small Business PaymentsInsights: Consumer Purchasing Options
Wednesday, January 5, 2022
Mercator Advisory Group's latest survey shows that small businesses continue to maintain flexibility in their payment acceptance practices. In fact, listening to consumer demands for flexibility in using their preferred payment options is a priority for most small businesses.
BOSTON, Dec. 28, 2021 /PRNewswire-PRWeb/ -- Mercator Advisory Group's most recent Small Business survey report, 2021 Small Business PaymentsInsights: Consumer Purchasing Options, from its annual Small Business PaymentsInsights series, examines not only specific sales channels that consumers use to access small business products and services, but also types of payments accepted and various types of short-term financing options offered to consumers.
The report is based on an online small business survey administered between June 9th and July 16, 2021, across 2,007 U.S. Small Businesses with 2020 annual revenue between $100K and $10 million. The report also provides insight into the perspectives from small businesses on various consumer purchasing options that include BNPL, Cryptocurrency, and essential items such as chargeback prevention tools that help small businesses prosper.
"It's encouraging and exciting to see that most small businesses have such a positive perspective on alternative payment options, such as Cryptocurrency acceptance. As the payment industry continues to change with the growth of new technologies that impact the industry, it will be very interesting to see how consumer purchasing options evolve over time." - Amy Dunckelmann, Vice President, Research Operations, Mercator Advisory Group.
Highlights of the 2021 Small Business PaymentsInsights: Consumer Purchasing Options Report:
-- Sales Channels
-- Making a Purchase
-- Payment Options
-- BNPL - Short-term Financing
-- Cryptocurrency
-- Chargeback Prevention Tools
This report is 47 pages in length and contains 32 exhibits.
Members of Mercator Advisory Group's Small Business PaymentsInsights Survey Series Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.
Please visit us online at http://www.mercatoradvisorygroup.com.
For more information and media inquiries, please call Mercator Advisory Group's main line: 1-781-419-1700, send an email to media@mercatoradvisorygroup.com.
For free industry news, opinions, research, company information, and more, visit us at http://www.PaymentsJournal.com.
Follow us on Twitter @ http://twitter.com/MercatorAdvisor.
About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
Media Contact
Karen Yetter, Mercator Advisory Group, 781-419-1700, kyetter@mercatoradvisorygroup.com
Twitter
SOURCE Mercator Advisory Group
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