Businesses Use Credit Card Tactics to Boost Pay by Bank

A new report suggests that while initial cost concerns may deter merchants from adopting pay by bank, the long-term financial and operational benefits for consumer-facing businesses could be substantial, potentially surpassing the expenses of traditional payment methods.

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The pay-by-bank study, produced by PYMNTS Intelligence in collaboration with Trustly, examines U.S. consumer-facing goods and service companies’ awareness of and interest in pay-by-bank payments.