3 Benefits Of Using Your Smartphone To Accept Payments

In today’s world, business owners can no longer rely on consumers visiting their stores in order to buy their products. Sadly, with the pandemic raging on, many retailers across Canada have been forced to either close their doors or significantly reduce the number of customers they can have visit at any one time.

What to do when such limits are placed? Well, if your customers can’t come to you, you may have to go to your customers! By utilizing a Virtual Terminal feature, you can turn your smartphone into a credit card terminal to start taking payments anytime and anywhere!

Here are three benefits of using your smartphone to accept payments:

1. It’s a safe and secure payment method.

Consider the fact that if you decide to accept cash, when on the go, you’ll be forced to carry around your earnings with you. Firstly, you don’t want to lose the money you have before you’re given a chance to deposit it in the bank. Secondly, you don’t want to run the risk of being a victim of theft.

“Cash also doesn’t leave a paper trail, making accounting difficult,” FISglobal.com reminds us, “Accepting electronic payments via a mobile point of sale is safer than handling cash. Many of today’s mobile payment systems are EMV compatible. That means they use the latest in secure credit card processing technology to protect you and your customers.”

2. It’s a cost-effective solution.

As every business owner knows, an important method of making money is saving money. Turning your smartphone into a payment terminal is, by no means, an expensive undertaking. No new equipment is necessary. There are no set up charges. In fact, all that is needed is the downloading of a free app that is compatible with both iPhones and Androids.

“Accepting mobile credit card payments offers businesses a cost-effective way to accept payments by card,” affirms Simone Johnson on Business.com, “Another benefit for businesses is that they can accept cards at events or throughout their establishment, such as a restaurant that accepts payments tableside.”

3. A virtual terminal lets you expand your business – literally.

When you’re not conducting business in one location, you give your company the opportunity to reach a wider audience. By accepting payments on your smartphone, you enable your brand to reach consumers in just about any location you wish. Advertise the fact that you offer personal delivery. The convenience of this option plus the simplicity of being able to accept payments in person will work wonders in the world of customer satisfaction.

 “Service-oriented businesses have long made house calls, but collecting payment on the spot was often difficult at best,” says FISglobal.com, “Mobile payment systems (allow) your staff to quickly and easily complete the transaction on the spot. Almost every type of business, no matter how large or small, can benefit from mobile payment acceptance.”

With Unity Payments’ Virtual Terminals, you can turn your smartphone into a credit card terminal and start taking payments anytime and anywhere. It allows you to process payments in-person, online or on the road! To learn more, please don’t hesitate to call us at 1-800-661-3761 or email us at info@unitypayments.ca.