As a retail business owner, you probably accept cash, debit, and credit as valid forms of payment, but there are more flexible ways your clients can pay.
Flexible payment options enhance the retail customer experience and overall customer loyalty. Stop losing customers to your competition. Read on to lean how you can offer more forms of payment and upgrade your business and revenue.
Customer Finance Companies
Customers are opting for financing options, especially for large purchases. The average American would rather finance a large purchase than to use cash, credit, or debit. If you’re a retail business in search of the best consumer financing programs, Financing Your Way can help. We can create a financing program that is customized for the needs of your business.
EMV Chip Cards
Accepting EMV chipped credit cards is convenient for your client. EMV technology allows smart payment through cards which helps in reducing fraud at the point of sale. This technology is of a global standard which is in practice in most countries in the world. The three companies which created this standard are Europay, MasterCard, and Visa and that makes up the name EMV. The card can be swiped or detected from a close distance by the reader, for making the transaction.
Mobile Wallets
One of the fastest and the most efficient ways of payment is mobile wallet. Mobile wallet works with a mobile device to offer card-free payments. The transaction is processed through the point of sale using Apple Pay, Android Pay, Samsung Pay and a few others. The main benefit of using this method of payment is that it works faster than EMV, but with the same level of protection. Speedy services help to improve the quality of customer service.
From a customer’s point of view, payment flexibility is the most attractive feature. As a business owner, you can begin to increase sales today when you contact Financing Your Way to learn more about the options available to your business.