Mobile is the Future of the Payments Industry: Is Your Business Ready?
As commerce has gone worldwide, methods to accept payment have had to evolve in order to provide broader acceptance. Even though smaller businesses might not be too keen on adopting new technologies, it is estimated that Apple Pay is currently used by approximately 127 million people worldwide. Hence, businesses that do not adapt and offer mobile payment processing risk falling behind.
For merchants, this poses a potential challenge since they now need to to pay attention to the new payment methods and accommodate more than just cash and plastic. Payment technology is often characterized as a hindering annoyance - confusing and complicated tools that cost too much and add overhead, particularly for small and medium-sized businesses. Unfortunately, too often this is true.
The migration to electronic payments including Apple Pay, represent an opportunity for merchants to rethink the technology being used, the best way to future-proof stores, and to ensure business is not forced to constantly upgrade the hardware or software with every new innovative payment method. As we enter the new age of commerce centered around the experience as opposed to waiting to pay, technology will play an ever-increasing role in driving efficiency and productivity within a business.
Even though getting started with the new technology might seem like a big task, businesses that embrace the amazing tools and technology available to them will untether themselves from the traditional, payment-centered commerce experiences of the past and have the freedom to shape a unique commerce future for their customers.
Merchant Club of America is proud to offer smart terminals to our vendors, providing a limitless business solution for your online payment needs. Contact us today by filling out the form below and one of our representatives will get in touch to provide more information about our smart terminal solutions.
This blog is created and managed by DS&P.