Businesses often don’t review credit card processing fees, they simply treat them as a fact of life. It is easy for unforeseen payments and credit card charges to accumulate, especially if left unchecked.

With cashless transactions becoming more and more commonplace, SMBs are realizing the importance of payment processes on business operations. According to a recent report by Paysafe published on BusinessWire, payment processing technology is critical to growth.

Brian Goudie’s Five Strategic Changes to Help SMBs Eliminate Payment Pain Points, published by Forbes, also shares some ways SMBs can adapt to payment processing changes taking place in the business landscape

Statistical Breakdown

• 46% of SMBs want more pricing transparency from vendors (SMB Technology Trends Research Report by SMB Group pg. 6)
• 62% of SMBs plan to invest in business application integration improvements (SMB Technology Trends Research Report by SMB Group pg. 7)
• Mid-size business generates an average of 500GB (5TB) in data per month (SMB Technology Trends Research Report by SMB Group pg. 10)
• 82% of SMBs believe a good payment experience to be a non-negotiable feature (qtd. in BusinessWire)
• 47% of SMBS plan to integrate payment systems with other business software (qtd. in BusinessWire)

Learn more about Jameson Emling, Co-Founder of Pillar Payments:

Driven by a firm belief in low, transparent pricing, Jameson Emling, a First Sergeant in the US Marine Corps Reserve, co-founded Pillar Payments in 2016. As a managing partner of the veteran-owned company, he oversees new business and is responsible for Pillar Payment’s business development. Having recently saved a ShapeConnect Accounting Firm Client over $30,000 a year (almost $3,000 a month), his eye for integrations and profit growth through reduction in payment acceptance costs makes him the perfect choice for your business and merchant service needs.

Our CEO, Brian Zielinski, talked to Jameson for one of ShapeConnect’s Connected Insights video series. Watch it here.

Contact us for a consultation on how you can reduce your payment processing fees and give customers more options to get paid faster.