Worldpay, Inc., a leading global payments technology provider, and Sage Pay, part of Sage Group (FTSE: SGE), a market leader in cloud business management solutions, have today announced a partnership that broadens the range of card payment solutions available to businesses.
This partnership will open-up the opportunity for businesses of all sizes to deliver cost effective, simple and transparent card payments solutions. Furthermore, the collaboration will help reduce time-to-trade for businesses, a vital pre-cursor for success.
Currently, 17% of all invoices from small and medium businesses are paid late in the UK and Ireland*. The UK currently has the highest proportion of invoices that are paid late, with 9% written off as bad debt. The acceptance of card payments helps businesses get paid on time.
Worldpay is a global leader in payments processing technology and solutions, enabling merchants to accept a vast array of payment types, across multiple channels, almost anywhere in the world. Processing over 10,000 transactions per minute, the company can service merchants 24/7 all around the world, from sole traders who process small volumes through to large corporates processing millions of transactions, daily.