Contactless payment options have been around for quite a while now, but these convenient, touch-free purchasing methods remained a fringe payment option until 2020, as fears about spreading COVID-19 spurred millions of consumers to adopt contactless payment options such as digital wallets or RFID-enabled credit cards. By the middle of 2020, over 50% of consumers were using at least one type of contactless payment.
What started as a trendy payment method is now becoming the new normal. However, this should come as no huge surprise, as contactless payment technology has allowed consumers to check out faster, save time, avoid hassle with their wallet and pin number for years now, and provide the benefit of preventing the spread of bacteria.
With all that in mind, it is well past time for your business to start offering contactless payment options. Join us as we explore how you can begin doing so and what benefits you can unlock by upgrading to contactless payment processing technologies.
How to Begin Offering Contactless Payments
Offering contactless credit card processing options to your customers is actually incredibly simple. All you have to do is to upgrade your current credit card processing software and hardware. While you’re at it, you can swap to a credit card processing service that offers lower fees, more flexible processing options, and greater customer support outlets.
If you’re curious about where you can find such a partner, Simpay is here to be that partner. We provide 360-degree, total business solutions, including easily deployable, low-cost credit card processing technology.
With Simpay, you can reduce your total credit card processing costs, begin accepting contactless payments and streamline the buying process for your customers. Not to mention, you can even use Simpay to modernize your record-keeping processes. If you want to learn more about Simpay’s dynamic lineup of solutions, we invite you to schedule a demo.
But enough about us; let’s take a closer look at the different benefits of contactless payments.
The Benefits of Contactless Credit Card Processing
Contactless credit card processing offers several notable benefits for you and your customers.
For one, you’ll streamline the purchasing process by investing in contactless credit card processing. As a result, your customers will be able to complete their transactions faster and more efficiently, reducing friction during purchasing and allowing you to process more transactions.
Another benefit of switching to a contactless credit card processing technology is that you can reduce the amount of cash you take in. Unfortunately, processing and storing cash is a labor-intensive process that decreases operational efficiency, to say nothing of all the germs exchanged when your customers and employees pass physical currency between one another.
Making contactless payments part of your point-of-sale process is also important, as this touch-free payment option is becoming incredibly popular among consumers.
According to a recent report, more than 80% of consumers used some form of contactless payment in 2021, and Juniper Research projects that this number will continue to rise, resulting in over 8.4 billion contactless payment transactions being conducted by 2027.
In light of these trends, your business must adopt contactless credit card processing technology in the near future. Doing so will enhance the customer experience, boost sales, and help you encourage repeat business.
