40% of small and mid-sized merchants plan shift from banks to PayTechs

Merchant onboarding remains a major pain point. Banks take up to seven days on average, costing about $496 per merchant, compared with PayTechs that can complete the process in under an hour at roughly $214.

40% of small and mid-sized merchants plan shift from banks to PayTechs
Merchant onboarding remains a major pain point. Banks take up to seven days on average, costing about $496 per merchant, compared with PayTechs that can complete the process in under an hour at roughly $214.

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