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The latest big trend in collecting money from customers is, no doubt, the rise of mobile payments. However, the take up for such services is still not as widespread as you might think.
There are still plenty of companies out there that feel they don’t need a mobile payments system. Or, that are afraid to bring in yet another technology that could have security issues. The trouble is, these businesses really are missing out.
In today’s guide, we’re going to go through some of the benefits of investing in mobile payment solutions. Let’s take a look at some of the major advantages.
Mobile payments will soon be the norm
People are starting to use mobile payment systems through their phones with a lot more regularity these days. And, that rate is likely to go up – and fast. As with anything else in business, it’s vital not to get left behind. Investing in mobile payment solutions will future proof your business while giving you an edge over many of your competitors.
Access from anywhere
Your business might have a single location, but having a mobile payment system gives you a lot more options. Let’s say you are a grocer. Your store makes a mighty fine trade, but you are thinking of running stalls at farmers markets, or starting a new delivery service. How are you going to take payments? The easy answer was complicated in the past, but not anymore. With a mobile payment system, it doesn’t matter where you are – you can always access your merchant account.
Multiple payment options
As we mentioned above, people are using different payment methods a lot more these days. It makes sense, then, to look at credit card processing companies that give you the ability to accept these payments. It might be Apple Pay or Android Pay, for example. It is vital that you aren’t just receiving the traditional credit or debit card payments – people want more choice, it’s as simple as that.
Improve customer service
In a store and suffering from long queues? Then get your staff out on the floor equipped with a good mobile payment system. They will be able to deal with customer inquiries and take payment in an instant. It means faster, more efficient service that people will respond to in a positive way. Even those that prefer using the traditional cash register will benefit, as the queues will be less busy.
Low cost
In the early days of mobile point of sale solutions, it was expensive. As with all emerging technology, it takes a while for prices to flatten out and become more affordable for all. Well, that time is now. It has never been cheaper to integrate mPOS systems into your business. Whether you are already a successful company or just starting out, the return on your investment will be worth every cent.
So, have we convinced you to start taking mobile payments? Or are you already taking them? Let us know your thoughts about the future of this emerging tech in the comments section below!
