How does a business choose the right payment method?
Choosing the right payment method depends on several factors, including the nature of the business, the target audience, transaction size, and the level of security required. For example, a retail business might find credit and debit cards most convenient due to their wide acceptance and ease of use, while a B2B company may prefer bank transfers for larger transactions. Additionally, understanding customer preferences and habits can help businesses tailor their payment options accordingly.