The ability to make quick payments has primarily shortened which aspect of transactions?

The ability to make quick payments has primarily shortened the sales cycle. This refers to the duration from the initial contact with a potential customer to the final completion of a sale. Quick payments enable businesses to finalize transactions more rapidly, reducing delays that can occur during the payment process. When customers can pay instantly, it eliminates barriers and can lead to quicker decision-making, allowing businesses to move through the sales cycle more efficiently.

In comparison, while customer service time, shipping duration, and order processing time are also important aspects of the transaction process, they are not as directly impacted by the speed of payment as the sales cycle is. Customer service time may relate to how quickly inquiries are handled, shipping duration pertains to logistics, and order processing time involves internal handling of the order but does not necessarily reflect the immediacy of a payment. Thus, quick payments streamline and accelerate the entire sales cycle, from interest to purchase completion.