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How Small Businesses Are Including P2P Among the Payments Options They Accept

Digital Transactions

A recent survey of 530 small businesses conducted by The Strawhecker Group and titled “P2P Payment: A Disruption To Plastic?” reveals that 82% of small businesses reported accepting at least one form of P2P payment. Within that group, merchants reported accepting 59% of their total payments using digital P2P options. The survey was conducted for the Electronic Transactions Association during February and March.

The growing adoption of P2P payments by businesses comes a little more than two months after reports that Bank of America and Wells Fargo are leading a drive to push Zelle, the peer-to-peer payments service operated by Early Warning Services LLC, into retail payments.