Gone are the days when “cash-only” was a good business plan. In this day and age, plastic is the payment option of choice. And where there’s plastic, there’s a need for a payment processing system.
Today’s business market is so diverse. Just take a look around; there are quirky startups popping up left and right, ecommerce stores opening their digital doors, and long-standing brick-and-mortar businesses keeping up with the times. With such diversity, how do you know which payment processing solution is right for your business?
Unique Solutions for Unique Businesses
It’s important for business owners to understand all of their options before choosing an electronic payment system in order to select the best one for their company. Here, we’ve outlined some of the tried-and-true electronic payment systems for a variety of types of businesses that can take you in and through the next digital wave.
- If you own a small, in-person business, you may want to consider utilizing mobile payment solutions. These can come in a number of different forms including credit card attachments that connect with your smartphone, mobile terminals and tablet systems. Mobile payment solutions give the cashiers the ability to move freely about the store, interact with customers and conveniently check people out on the spot. Apple, for example, uses mobile payment solutions in its stores. At the end of the day, business owners can simply take the mobile devices home to manage the books and run reports.
- Larger brick-and-mortar businesses, like grocery stores and more traditional companies, may need more robust, countertop POS terminals. There are a number of different POS terminals available, but the most important thing to know when selecting one is to make sure that it’s EMV card-compliant. Countertop terminals should be easy for customers to use and help to make the transaction process run quickly and efficiently. Newer models feature contactless NFC technology, which allows customers with mobile wallets to make payments with a simple tap of their smartphone!
- Online-only businesses will need to implement digital shopping carts with secure payment gateways. There’s a long list of payment gateways available to fit different online business’s unique needs. When selecting an online payment gateway, it’s critical to choose one with strong security features. The last thing you want to deal with is a data breach!
Making the Upgrade
All of these types of businesses have unique payment processing needs, but they all have one thing in common: The need to process credit cards. If you’re not sure what type of payment system is right for your business, give Abtek a call today at (800) 544-9145. Our team of experts is here to help you navigate through the complex world of credit card processing.