Preferred B2B payment methods North America 2018

Automated clearing house (ACH) transactions were the most preferred B2B payment method in North America in 2018, marked as most preferred by 53 percent of respondents. Over 40 percent of respondents marked payment by check as the least preferred, making that the least popular method of payment between businesses.

Payment methods

Technology is changing the way businesses pay each other, as well as how consumers pay businesses. The number of near-field-communication (NCF) and mobile point-of-sale (m-POS) users are increasing, leading to safer transactions at the point of sale. Financial technology, or Fintech firms are also transforming payments, particularly mobile payment technology.

The future of cash

While the number of non-cash transactions is increasing, the demand for cash is still relevant. Many Europeans still carry and amount of cash in their wallet, and many businesses still require cash payment. Electronic options are increasingly common, but cash will remain a significant factor for the foreseeable future.

Preferred B2B payment methods in North America in 2018

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Sources

Release date

July 2018

Region

North America

Survey time period

February to April 2018

Number of respondents

275 respondents

Age group

18 years and older

Special properties

corporate and bank practitioners

Supplementary notes

*Automated Clearing House.
The source does not specify the type of survey carried out.
The source does not provide any information regarding percentage points not summing to100 percent.

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