1 in 4 Small Businesses Believe Their Payment System Can’t Handle a Holiday Rush

The holiday rush, while full of opportunities, also comes with plenty of challenges for businesses. Processing payments can be one of those challenges if you don’t have a reliable system in place to maximize all of that extra business.
This is actually a pretty big problem for small businesses. According to a recent Stealth Survey, which was conducted on behalf of TD Bank at the NY Business Expo in New York City on November 7, more than 25 percent of small to medium-sized businesses said they don’t trust their payment system can maximize increased business and customer traffic during the holiday season.
If your business doesn’t have a payment system to handle the extra holiday business, it could lead to a variety of problems. Most obviously, it can lead to a loss of money in terms of the number of sales you can process. It can negatively impact the customer experience too. It can cause long wait times, leading to more customers walking out the door rather than completing purchases.