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In 2019, 77% of US consumers were using at least one type of digital payment system. What has grown more significantly is the number of electronic payments and alternativepaymentmethods consumers now use. By the end of 2020, that rose to 78%.
Consistent Reconciliation : Routine paymentreconciliation ensures a regular cadence. Bank Transfers : Stripe facilitates Euro bank transfers, providing customers with the flexibility to pay directly from their bank accounts, enhancing convenience and reducing transaction costs.
Automated invoice collections send timely reminders to customers, helping to minimize overdue payments and improve overall collection rates. Additionally, a robust payment processor should integrate seamlessly with accounting systems, enabling real-time paymentreconciliation and reducing errors in financial reporting.
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