I see many of the changes in the online payments industry impacting what businesses will have to consider when they add or manage their payment processing systems. This is especially the case for startup founders like myself. The information presented below is based on findings from the customers who use our payment processing platform, and is focused […]
Payments
The Future of Contactless Payments for Businesses and Consumers
During the last few years, the way we pay for everyday products has changed dramatically. After saying goodbye to the signature, the era of Chip and Pin transactions has given way to contactless methods, leading to faster payment processes and the first steps in the creation of digital wallets. It would appear that contactless is […]
Almost 70% of Smartphone Users Expect to Use Mobile Pay in 2017
Digital trends publications have predicted that 6.1 billion people will be using smartphones by 2020, which is more than two thirds of the world’s population. As a result, advertisers are jumping on opportunities to connect mobile users to their brand. With a single click of a button, consumers can easily order products, call a company, […]
Digital Payment Processing: What You Need to Know
Take a look at any research released around the world these days on consumer preferences. When it comes to payments, you’ll see that debit and credit cards (along with other non-cash methods such as PayPal) tend to make the top of the list consistently. Source: 2015 U.S. Consumer Payment Choice Study, TSYS Customers like the convenience of […]
4 Different Payment Methods for Your Small Business
One method to maximize sales (and success) of your small business is to offer various payment options. By doing this, you are giving your customers choices and also capturing every sale you possibly can. While everyday there seems to be a new way to pay, this guide will help you sort through the numerous options […]
Why Your Retail Business Needs to Start Accepting Chip Cards Right Away
Your customers don’t really care if they have to swipe or dip their card. So why should you? While EMV (which stands for Europay, MasterCard, and Visa) is standard in Europe and elsewhere around the globe, American merchants have been slow to adopt this new industry standard—six months into the EMV Liability Shift, CardHub estimated that […]
4 Mobile Payment Myths That Need Busting
While credit and debit card payments have been very popular for quite a while now, and currently tend to be the most popular choice for consumers, more and more shoppers are preferring to pay using a mobile device rather than a standard Eftpos machine or other point-of-sale device. Mobile payments—those transacted on a smartphone or […]
How to Handle Customers Who Send Payments Late
It can be very frustrating when customers are not on time with your payments. Especially when you’re a small business just starting out, cash flow is probably pretty tight, and those payments are crucial for keeping the wheels turning in your company. If your customers are chronically sending payments late and acting like it’s not […]
Online Payment Alternatives to PayPal
People usually choose the most popular brands because they think such a choice will ensure product quality. When it comes to online payments, PayPal has been the leading platform ever since 1998. After separating from its big brother, eBay, this company is now the most powerful paying system in the world. However, not all of […]
Include Mobile Payments in Your Marketing Strategy
Though incorporating mobile payments into your business model can help you lower costs associated with point-of-sale hardware and improve operational efficiency, they also provide a wealth of marketing opportunities you can leverage to position your brand as one that puts customer first. Here are a few ways to transform the benefits mobile payments offer into […]
