Increasingly, businesses are allowing customers to pay through mobile payment apps on devices like smart phones and tablets.
As a merchant accepting payment on a mobile device, you can key in your customers’ credit or debit card number, swipe their card or dip a chip card. The payment is confirmed and a receipt is emailed instantly. Doing business on mobile devices also allows you to access your cash flow reporting and customer records wherever you are.
By making your business mobile-friendly, your customers can also purchase services or products using their mobile devices on their own. Customers are freed from the burden of waiting in long cash register lines and can instead, make a purchase wherever they have a signal.
The benefit of going mobile for merchants is undeniable. According to Fiserv, between 2015 and 2016, there was a 72% increase in the number of people making payments using mobile devices. By allowing your customers to make payments this way, you are stretching your business’s potential to earn revenue far beyond the traditional cash register.
To find out how to make your business more mobile-friendly, click here.