Credit card payments are the standard in business, but they’re not always easy to accept. They can be time-consuming and expensive for small business owners, who often have to pay higher fees than larger companies do. Here are a few tips that will help you make sure your customers have an easy time paying:
Accepting credit cards
It’s a known fact that credit cards are the most popular and widely accepted payment method. According to a report published by Statista, in 2017 alone, consumers made over 2 billion payments using credit cards. And as of now, about two-thirds of all transactions are conducted via credit cards.
Even though accepting payments through other types of payment methods might seem more convenient for your customers (like PayPal or Apple Pay), you will find that having an online store where people can pay with their plastic is not only easy but also beneficial for both parties involved, the customer and you. Here’s why:
It is easy for customers
It’s no secret that things like cash, checks or wire transfers take time to process and may have additional fees associated with them. That’s why people prefer paying with plastic over other forms of payment such as cash since it saves them time as well as money spent on processing fees.
It helps Increase sales
Having an eCommerce store gives your business the opportunity to reach out to more potential customers who would otherwise be inaccessible if they only had access through physical stores located near them locally because there aren’t any nearby locations (which could mean losing out on potential sales). By enabling online shopping on a global scale, businesses have greater access than ever before – which means more chances at making money.
Offer multiple payments options
Offering multiple payment options is a great way to increase your sales. Consider offering cash, check and credit cards as well as PayPal or mobile payments. You can even add a third option that is convenient for your customers: a pre-paid card that they can use at another retailer if they want to buy something else while making the initial purchase with you.
You shouldn’t forget about mobile payments either. If you have an app available for download on Apple devices (iPad, iPhone) then make sure there is an option for Apple Pay available too so customers don’t have any issues using their smartphones during checkout. It’s also important not just because it saves time but also because many customers are comfortable using technology when making purchases online—especially if it means getting into bed faster at night.
Another way we’ve seen retailers increase profits after implementing these changes was by setting up a direct debit for customers who sign up before leaving home – this way they’re able to pay without having access keys/cards etc which means less risk involved when making purchases online.
If you are using the latest version of an operating system, it will make sure that you have all of the latest security updates. This is important because there are many threats out there for computers, including viruses and other malware. If you don’t have the latest software installed on your system, then any new threats can sneak through and cause problems such as slowing down your computer or compromising your data.
Keep your point-of-sale system up to date
You should be keeping your point-of-sale system up to date. Updates are important for security, compatibility and bug fixes. If a new feature comes out and you don’t have the latest version, it will not work on your current system. It can also cause problems if you have older versions of software on newer systems because they could conflict with each other or not work properly at all.
A mobile POS system can also reduce the amount of time it takes for your employees to process transactions by streamlining the entire process. For example, an employee could scan items as soon as they’re brought into the store and entered into inventory. Then when a customer wants to purchase something that’s in stock, they can simply pay using their phone. This means that your customers don’t have to wait around while employees manually enter each item into inventory (which is often done via handheld scanners).
Instead, they can simply pay for items on their own time via their phonesIt’s also important to consider how much you will pay for a payment processor. The processor should charge reasonable fees, and they should offer multiple options for processing payments.
Some may require you to use their credit card readers or POS systems, so make sure that any hardware is compatible with your phone or tablet before signing the same goes for hardware.
If you have an older system that doesn’t work with the latest software or your business needs to change, it may be time to upgrade. The goal is always to find a balance between investing in new technology and keeping costs down.
Use a payment processor that’s secure and compliant
The payment process is an important part of your business, and it should be treated with the same level of care that you do everything else. When selecting a payment processor, make sure they have a good reputation and are secure. They also need to be compliant with local laws.
Utilize a mobile point-of-sale system
One of the best ways to make payment easier for customers is to utilize a mobile point-of-sale system. Mobile POS systems are more secure than traditional POS systems, as they involve less paper and electronic information is stored on servers. This makes it harder for hackers to get their hands on sensitive customer data and ensures that only authorized employees can access sensitive information at any given time.
Additionally, customers can pay for items on their phones with mobile POS systems. For example, say you’re running a restaurant and want to offer discounts or loyalty rewards for using your app, with a traditional point-of-sale system. This would be difficult because customers would have to print out coupons in order to use them at checkout—but with an app that works as part of your mobile point-of-sale system (and doesn’t require printing). All they need to do is show their phone screen when they check out. This means faster service times and greater convenience overall.
Conclusion
These tips will help you make it easy for customers to pay for items. Customers will appreciate the convenience of being able to use their credit cards and mobile devices, as well as having multiple payment options available. Plus, keeping your point-of-sale system up to date ensures that everything works smoothly at checkout time.
