Small businesses are leaving credit card processing due to high fees. Governments are creating real-time payment systems to bypass traditional networks. Fees can cost $520-700 monthly for SMBs, with additional charges. Cash flow gaps and unreliable payments also contribute to the move towards real-time payments.

Real-time payments offer lower costs compared to credit card fees. Market data shows a shift towards real-time payments globally, with businesses switching providers to access these systems. Manufacturing companies are embracing real-time payments for efficiency and cost savings, redesigning payment workflows accordingly.

Businesses are strategically moving high-volume transactions to real-time payment systems for competitive survival. Real-time payments are expected to replace trillions in transactions by 2028, with a focus on international B2B transactions. Early adopters are gaining cost advantages, while payment providers face client exodus.

The transition to real-time payments is essential for businesses to stay competitive. Central banks worldwide are investing in real-time payment infrastructure. Businesses need to migrate quickly to gain a cost advantage over competitors. The choice is between adapting to the economic shift or falling behind in cost efficiency.

Read more at Yahoo Finance: Small businesses are ditching credit cards for ACH & real-time payments