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Business & Economics

UK merchants seek alternatives to costly payments: Yapily report

GlobalData
Summary
Nutrition label

81% Informative

Report by open banking infrastructure provider Yapily highlights merchants' dissatisfaction with high transaction fees and the current chargeback model.

98% of businesses value lower transaction fees, and 41% want chargebacks removed entirely.

Consumers prioritise security and convenience, especially for low-value purchases.

VR Score

76

Informative language

72

Neutral language

62

Article tone

semi-formal

Language

English

Language complexity

69

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links