The real estate industry heavily relies on legacy payment methods for their business-to-business (B2B) transactions, but that is beginning to change.
PYMNTS’ latest research reveals that nearly 90% of real estate firms in the United States say their vendor and supplier partnerships are very or extremely influential in deciding which payment solutions to use when sending payments to other businesses — and firms receiving payments agree. Real estate firms realize that adopting modern payment solutions can help maintain and strengthen their relationships with vendors and suppliers, but most noted obstacles to adopting additional payment methods.