The more payment options you provide as a business, the more likely you are to increase sales. This is the conclusion of a new study from Paysafe carried out during the pandemic. Furthermore, the study revealed businesses that increased their online presence also weathered COVID-19 best.
For small business owners who are struggling to keep their enterprise up and running, the data in this study is hopeful. But to make it work, businesses must diversify their operation. The study says 80% of small and medium-sized businesses (SMBs) who chose to diversify online or improve their card-present payment options during the pandemic have seen a positive impact.
