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Learn how to start accepting mobile payments for your business.
Accepting mobile credit card payments is becoming more popular in businesses of all sizes, as it makes it easier for customers to purchase products or services from their phones. If you’ve decided that accepting mobile payments is the right choice for your company, read on to learn how to get started!
What Are Mobile Payments?
Mobile payments let people send or receive money through their phones or tablets with a mobile wallet, app, or web browser. For your business, it may mean that customers can send online bill payments, use their phone in your store to purchase items, or allow you to pay employees via mobile wallets. You don’t need your own app to accept mobile payments, as you can use existing apps such as PayPal Here, Venmo, and Apple Pay.
Implement A Payment System
The first step is to select the payment system that will work best for your business and your customers. Many mobile payment apps and systems will integrate with your regular point of sale system. There are many options out there, so be sure to do your research on fees and ease-of-use before signing up.
Let Your Customers Know
Once you’ve chosen the system, it’s time to let your customers know! Notify your customers that your small business is starting to accept mobile payments, and what that means for them. If you have a retail store, include a “mobile payments” sign at the register, and updated the Accepted Payment section on your website. To get the word out to a broader audience, post on social media, and announce it through email marketing to ensure everyone knows!
Offer Rewards
A great way to encourage customers to use mobile payments is to offer rewards or implement a customer loyalty program. Let customers know that when they make mobile pay purchases, they will receive discounts or coupons. According to a survey by PaymentsSource, the top three mobile credit card processing incentives that people want are cashback on purchases, loyalty program points, and discounts.
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