Home businesses have never been better equipped, thanks to the recent advances in technology. Gone are the days when your only payment choices were cash, cheque or an IOU. Now there are numerous services available that allow for instant and secure transactions, making life much easier for small business owners.
1. Mobile credit and debit cards
Tried and trusted credit and debit card payments are still the go-to solution for almost any business. Mobile card machines have made it possible to transact securely from anywhere, allowing merchants a greater degree of agility and convenience. You can run a business effectively from your pocket with a mobile point-of-sale (POS) device.
2. White label payments
White label payments allow businesses to provide their customers with a payment solution branded as their own. A provider sells a traditional POS or mobile POS payment solution to a business so it does not have to develop its own payment solution. The business can then rest easy knowing that payments are securely processed by the provider while still enjoying the brand equity of its own branded solution.
3. Mobile phone payments
Today, smartphones can be used as a point-of-sale device thanks to some very clever app developers. QR codes are an effective mechanism to enable cashless payments for everyday items from a cup of coffee to prepaid parking. It’s an instant payment technology that’s also extremely simple to use, so its popularity is set to grow in the coming years.
4. Digital payments/digital wallets
There are a growing number of digital payment options available, each with a slightly different positioning. Some have been developed specifically with small businesses in mind, while others are marketed primarily as peer-to-peer payment services. One thing they all have in common is speed, ease of use and mobile integration. It’s important for any business to make it as easy as possible for customers to pay as it improves the likelihood that customers will pay on time. With cash flow a consistent pain point for small business owners, this can make a significant and welcome difference. Don’t delay, apply for your ZipZap device now.