Recent PYMNTS’ research found that inflation was 2022’s biggest challenge for small- to medium-sized businesses (SMBs). Main Street SMBs make up much of the U.S. business landscape. As a result, their performance typically serves as a good litmus test for the current market environment. But...
Hurting Main Street SMBs have had little choice but to meet inflation with price hikes. PYMNTS analyzed this in the “Main Street Health Survey Q4 2022: SMBs Brace for A Recession,” where we see price increases as the inevitable SMB response to lower sales that...
“What’s a chargeback?” Cole Richman, owner and founder of Bottom Bunk, had to ask his payments processor that question not long after launching the online sneaker and apparel store in late 2020. With $500,000 worth of sneakers sold on the firm’s website and brick-and-mortar locations...
As economic challenges continue indefinitely into the future, small restaurants are adjusting their revenue expectations. By the Numbers Research from PYMNTS’ new study, “Main Street Health Survey Q4 2022: SMBs Brace For A Recession,” which draws from responses from 500 U.S.-based businesses in October and...
High inflation and the threat of an imminent recession make it increasingly difficult for all firms, and the current economic landscape particularly curbs the optimism of Main Street small to midsized business (SMB) owners. PYMNTS’ research found that two-thirds of Main Street SMB owners anticipate...
Slowing rate hikes cheer investors, but on Main Street the damage has already been done. Stocks surged about 3% by Wednesday’s close, on the heels of signals from Fed Chair Jerome Powell that — after four consecutive 0.75% rate increases — a 0.5% rate hike...
No one quite knows what life after the pandemic might look like, as we’re all still in a state of returning to “normal.” For the Main Street small- to medium-sized businesses (SMBs) that power the United States economy, and as tracked by PYMNTS’ continuing series...
Working capital remains elusive for small- to medium-sized businesses (SMBs). The risks taken by entrepreneurs with a product and a dream can be staggering, and they often don’t end happily. It’s a reality that makes financing those dreams both a challenge and a catalyst for...
Payment service provider Pinwheel is rebranding as Bankful as it shifts from serving smaller businesses to financial institutions of all sizes. According to a Wednesday (Nov. 16) news release, banks can now offer their clients integrations into website builders and eCommerce platforms like Wix. “This...