Start United States USA — software Payment issues remain major issue for tech savvy small businesses

Payment issues remain major issue for tech savvy small businesses

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Integrated payments solutions from SAAS providers can help, but time and money is being lost while firms chase cash.
Small businesses are still spending several hours each week dealing with payment issues, according to a new survey from WePay. The integrated payments business found that while small businesses have upped their technology spend in the last two years,39% are losing five hours or more on morale-sapping payment admin. WePay’s State of Small Business Payments 2020 research looked at how small business owners in the US were tackling key challenges in relation to payments, noting that software-as-a-service (SAAS) providers can play a key role in speeding us access to much-needed cash.

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