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Stock impact report

Despite Ubiquity, Credit and Debit Card Processing Drags Down Small Business Satisfaction With Merchant Services Providers, J.D. Power Finds [Yahoo! Finance]

Paysafe Limited Common Shares (PSFE) 
Company Research Source: Yahoo! Finance
TROY, Mich., February 01, 2024 BUSINESS WIRE )--Small business owners are optimistic about the future, with 88% indicating the financial state of their individual businesses is about the same or better off than a year ago, which should bode well for merchant services providers. According to the J.D. Power 2024 U.S. Merchant Services Satisfaction Study, SM released today, small business financial optimism is correlated with increased sales processed by merchant services providers. There are 94% of merchants that now accept debit or credit cards; 88% that accept digital wallet; and 54% that accept Buy Now, Pay Later (BNPL) payment methods. However, when it comes to small business satisfaction with those services, scores are lowest among merchants for processing widely accepted payment types such as credit and debit card transactions and are highest for processing less widely accepted payment types like BNPL. "We're seeing an interesting disconnect in the merchant services marketplace Show less Read more
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