SMALL BUSINESSES TRUST THEIR BANKS TO BE PAYMENT PROVIDER
April 20 2016.



Nearly two thirds (59 per cent) of UK small businesses confirm that they trust their business bank or building society to be their payment provider, according to a survey of 750 company owners by Visa Europe.


While alternative providers are emerging, trust in these institutions to deliver payment functions remained much lower, such as trust in a telecoms company (11 per cent), social media provider (6 per cent) or alternative online payment providers (40 per cent).

Trust in banks is most strongly held by sole traders, 65 per cent of whom have a fully trusting relationship with their bank or building society.

Likewise, longstanding businesses have a higher level of...... 

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