4 Reasons To Accept Mobile Payments

By Author: Sahil Verma
Total Articles: 160
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Phones have evolved into our lifelines. It is now unusual to find someone without a mobile phone, as smart phones are multi-functional devices.

They are used for a variety of purposes by consumers of all professions and generations. They can watch a tutorial on YouTube, share a photo of pressed juice or inspirational wisdom on Instagram, network on Linkedin, buy items online, instantly e-transfer money, and do a million other things.

It seemed only natural that the next step in the payments world threw mobile into the mix. Mobile payments are classified into two types: payments made with a mobile device and payments taken with a mobile device through an online payment gateway.

This blog post will concentrate on the latter. Payments made on a mobile device using a portable card reader are not a new concept, but they are becoming more popular among merchants. Here are some compelling advantages:

1. Bust a line

The traditional concept of a cash register is rendered obsolete by transforming mobile devices into POS systems. Paying becomes infinitely easier, ...
... faster, and more streamlined.
When customers see a long line at the checkout, their desire to avoid waiting outweighs the need to buy the product. You have the ability to eliminate long lines and recover sales by accepting payments anywhere, at any time (line busting).

Apple flawlessly implements this system; their salespeople can move around and assist customers anywhere in the store. Every salesperson becomes a moving point of sale, reducing waiting time and increasing sales.

Accepting mobile payments eliminates that friction and, as a result, leads to an increase in sales.

2. Get paid faster

The world is your oyster when it comes to mobile payments through the best online payment gateway. You are no longer limited to a physical location; your business is now mobile. When you make house calls, special deliveries, or on-site repairs, you can accept payments instantly. Plus, in industries like these, you get paid right away.

You can accept credit cards anywhere as long as you have your phone, which adds another level of convenience for the customer.
You can deliver straight to the office and process the payment immediately, rather than a busy business executive rushing to pick up her dry-cleaning before the store closes. Who will she go to the next time that same business executive needs dry-cleaning service? Yes, this is the company that went above and beyond to make the customer happy.

3. Aggregate your stats

Many excellent payment processors enable you to accept mobile payments and provide you with the convenience of seeing all of your information in one place, allowing you to better understand the needs of your business and implement the best plan for you. Because mobile payments are processed instantly, information is also gathered instantly.

You'll be able to view your transaction history by time and location, as well as sales analytics and employee information. A compilation of data from each store in one location allows franchisees to see the big picture.

Analytics can also show whether marketing initiatives or company-wide procedures are having the desired effect, as well as which stores are thriving and struggling, allowing you to prioritise efforts.

4. Email receipts

Mobile payments using online payment gateway India provide an excellent opportunity to email receipts, which is a gift that keeps on giving. You save paper, earn eco-friendly points, and improve the customer experience by using email receipts. To be honest, most people despise paper receipts. Every day, consumers buy a wide range of goods. Receipts can pile up quickly for those who want to keep track of their expenses, resulting in an overflowing wallet and more clutter in their lives.

Email receipts are another underutilised method for increasing sales. Receiptful, for example, can help you cross-sell and upsell directly on the receipt.

Conclusion

Your company, regardless of size or industry, should accept mobile payments. 505-Junk is a company that is constantly on the move; they implemented mobile payments to process transactions on the job site and are seeing fantastic results.