Trends in Digital Payment Options Across the Globe - What to Know
E-commerce has undoubtedly become one of the fastest-growing industries in the past couple of years. As online sales rise, the availability of an overwhelming amount of electronic payment options follow. eWallet, in particular, has been used widely as a preferred digital payment method. This payment option is often affiliated with mobile devices, causing them to be one of the most prominent players in the world of e-commerce. The development in infrastructure has facilitated the usage of digital payment options in stores in favor of cash payments.
However, it should be noted that this shift in the preferred payment method differs across countries. While many countries in Asia, such as China, display a solid preference for digital options, Latin American countries still largely prefer to settle payments via cash. This article will dig deeper into the payment trends in different regions of the globe.
How MasterCard SecureCode Can Benefit Your Online Business
MasterCard SecureCode is a service that offers you an extra layer of security when you are using your debit or credit card. This also applies to your customers, in which they can feel safe and secure when shopping online with you. If you’re interested to know more about the service and how it can help your business, keep on reading!
A Brief Guide To Merchant Payment Systems in Cyprus
The majority of small businesses only accept payment in the form of cash or checks. As innocent as this may seem, this limits the business’s ability to trade to an extent as it means that they cannot take advantage of e-commerce or offer their customers flexibility in terms of payment methods. The fact of the matter is that any sized business can make the transaction process easier by accepting a variety of different payment methods, e.g. credit and debit card. These are known as “merchant services providers.” Here are some of the different types of merchant service providers:
How to Handle Credit Card Processing Fees in Cyprus - Our Guide
Every merchant needs a credit card processor to help with transaction payments. However, one thing that cannot be avoided is credit card processing fees. These fees may not appear to be that substantial themselves, but with each transaction, the amount adds up.
The reality is that these fees are unavoidable. You don’t want to lose your money. However, you can’t operate your business without a credit card processor either. That being said, there are a few things that you can do to handle these fees better while keeping things in perspective. Let’s take a look.
4 Ways to Improve the Payment Experience of Your Online Business
Customer experience is the name of the game for any business in 2019. Consumers have more choices than ever, and they can access any type of service they want whenever they want. Companies need to find a way to cater to their consumer base as much as possible if they want to distinguish themselves from the crowd. One of the most crucial parts of running a business is the payment, and you want to make sure that your customers are greeted with a convenient payment service that sends them off on a good note. A good payment experience will significantly increase the likelihood of them coming back to your service. With that said, here are four ways that you can create the best payment experience for your customers:
Seven Things to Ask Your Payment Processor in Cyprus
Having a credit card payment processor that suits well with your business type and needs is crucial, which is why you need to do some research before settling down with your final choice. Once you have a shortlist of preferred vendors, there are some questions that you need to ask your payment processor before you can settle on a winner.
The Benefits of Accepting Credit Card Payments Online
When you are running a business, you want to make sure that you are always making it easy for your customers to pay for their goods and services. That is why allowing options when it comes to payment service providers is crucial. Online payment solutions have made payment easier than ever. If a customer doesn't have cash or a card, there should be other methods of payment for them to choose from. Adding online payment options will not only protect you from fraud but also leave customers satisfied.
When merchants search for the best possible options to meet evolving consumer preferences, the topic of possibly renting a point-of-sale device, rather than buying it, might inevitably come up. However, it has been noted in a lot of cases, that merchants might not know what that entails, and the numerous ways a POS system can benefit them in both the short and long term.
Therefore, you need to do your homework to figure out the details.
Fortunately, we’ve already done quite a bit of it for you so if you find yourself here, you’ve come to the right place. Keep reading to find out why you can benefit from renting a POS system.
How to Grow Your Business With the Help of a POS System
POS stands for point of sale. It is the go-to tool for retailers to keep track of sales, returns, and other finances during day-to-day operations. A POS system contains tools and features that retailers need to run a successful business.
If you are the owner of a small business, remember that a successful POS for small business is scalable and includes the tools to drive growth. The right POS system should be dynamic and will easily fit into any business, no matter how big or small. Wondering how it can help you grow your small business? Keep reading to find out!
What to Know Before Your Business Starts Accepting Credit Cards
The concept of credit cards and why we use them for payment is pretty simple. However, there are a lot of nitty-gritty details when it comes to accepting them in your business. If you’re a little bit lost when it comes to credit cards, you’ve come to the right place. Here’s what you should know:
Why You Should Invest in Card Processing Services For Your Business
Plastic cards have become more popular than cash over the years. Businesses should not ignore the value and opportunities that come with accepting cards. Investing in card processing services will attract more customers, grow your business, and become a sound investment for your company.
The Benefits of Accepting Credit Cards at Your Business
Running a cash-only operation is understandable, but cash payments are plummeting and if you’re thinking about starting a business or accepting alternative payment methods, here are good reasons to choose plastic over paper: