Forty percent of the independent mom-and-pop restaurants in the U.S. that generate $10 million or less annually now use instant payment rails as their primary method to send funds.
And these restaurateurs are pleased with the results, according to PYMNTS Intelligence data. Seventy percent say they appreciate how easy it is to use instant payments, and 68% say they value how quickly items are processed.
These are just a few of the findings included in “Small Business Real-Time Payments Barometer...