More than payment processing: 5 next-level functionalities every small business should have in their tech stack

When choosing a merchant services provider, small business owners should know the true potential that can be unlocked with the right payment processing software. Thanks to powerful data and technology, payment processors can offer many more functionalities and features that can help your business grow.

SEMrush found that 80% of small businesses are not taking full advantage of available technology.

But without it, you could be left behind — the same research determined that “small companies that fully utilize technology earn two times more revenue per employee, experienced nearly four times the revenue growth annually, and were almost three times more likely to create jobs in the next year.”

So, what exactly could you be missing out on? Today we’re covering five ways your tech stack can help your small business grow, including: 

1. Acceptance of various payment methods
2. Data analytics and reputation management
3. The power of omnichannel
4. Cost-effective B2B payments
5. People and payroll management

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