Why B2B Checks Still Move $15 Trillion a Year
B2B checks process $15 trillion yearly despite ACH dominance, revealing complex payment challenges.
In brief
B2B checks process $15 trillion yearly despite ACH dominance, revealing complex payment challenges. B2B checks still move $15 trillion annually due to disputed invoices and supplier-specific requirements, not resistance to modernization. Originally reported by Pymnts.
B2B Check Usage
B2B payments still move $15 trillion yearly by check despite ACH accounting for 41% of transactions in 2024.
Check Volume Decline
B2B check volume fell from 4.6 billion payments to 2.7 billion between 2015 and 2024.
Value Stability
The nominal value of B2B checks declined slightly from $15.4 trillion to $15 trillion between 2015 and 2024.
Complex Transactions
Disputed invoices and supplier-specific requirements keep checks alive despite automation efforts.
Payment Modernization
Simpler transactions automate easily, but complex ones with disputes and approvals remain check-heavy.
Real Payoff
Reducing reconciliation costs and improving working capital visibility are key benefits of payment modernization.
The $15 Trillion Problem
The persistence of check payments reveals deeper operational and supplier relationship challenges than paper usage.
The big picture
B2B checks still move $15 trillion annually due to disputed invoices and supplier-specific requirements, not resistance to modernization.
