5 Ways Contactless Payments Can Benefit Your Business

Payments

Contactless technology has taken the payment industry by storm. We still remember the first time we were able to make a contactless payment. It felt like magic, right? Contactless technology is one of the biggest and fastest-growing payment trends.

Since 2007 contactless payments via mobile devices have grown dramatically, which is why more companies are now considering introducing this technology to enhance their day-to-day operations.

Quick payments are the future of business success, and here are five ways they can help you increase sales and grow.

1. It’s a convenience and time-saver for consumers

Contactless payments are simple and convenient. 83% of people in the UK now use contactless to pay for items. Customers can complete their transactions in seconds by simply tapping their phone, watch, or credit card. According to reports, 17.3 million people use mobile phones and smart watches to make payments.

With so many customers preferring to pay in this manner, your business must have card machines with contactless functionality.

2. Speedy and efficient.

Reducing store wait times or eliminating unnecessary queues will boost sales and customer satisfaction. 83% of shoppers believe that fast-moving lines are an important part of the customer experience.

Customers prefer to spend as little time as possible in stores or queues, and contactless payment enables them to do so.

3. Accessible to all consumers and businesses

Any business, large or small, can accept contactless payments. This means that your company can provide contactless options to meet the needs of your customers.

Customers nowadays expect contactless payment options from businesses. As this payment method is available to all consumers, it is no surprise that so many

4. Higher profits & increased sales

Did you know that 86% of buyers are willing to pay a premium for a positive customer experience? Your sales and return on investment will increase if your customers receive a simple checkout process.

Customer experience is no longer limited to products/services or human interactions; it is also associated with how a customer can pay and how simple their experience in your business was.

Another advantage of contactless payments for your business is the amount of money your customers spend. Consumers are more likely to spend more overall now the contactless limit is set at £100.

5. Contactless is the future of payments

Many trends and studies suggest that contactless payment technology will gain even more popularity in the coming years. –

Some believe that cash will soon be replaced by contactless payments. This is partly because of the growth in more new wearable payment gadgets such as smartwatches and smart rings.

New advances in technology could also see consumers making payments via facial recognition eliminating the need for payment cards and devices altogether’.

What trends or predictions do you believe are likely?

Overall

If you’re looking to gain a competitive edge and increase your business sales and growth then contactless payment processing is a must. Your business should be able to take advantage of the benefits of contactless technology like fast checkout, increased customer spending, improved customer service, and increased sales.

Looking for a card machine? Get in touch

If we’ve piqued your interest and you’re looking for a card machine, please contact us. Our friendly and knowledgeable sales representatives can tailor a quote to your company’s specific requirements.

If you’re looking for more tips and advice to help your business succeed, check out our blog section. Or you can take a look at our case studies showcasing all of the fantastic businesses we’ve already assisted.

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