Sumup machine

The idea of starting your own business can emanate a gamut of emotions in a person. These emotions are usually a mix of excitement and nervousness. You are digging deep to think of stellar ideas that can turn your start-up into a goldmine. Next in line, you would want your business model to be different from the crowd. Moreover, that idea should add value to someone’s life, and it should be called productive. Yet one of the most important factors which a business should never overlook is its payment gateway. How well is their payment infrastructure developed? Are credit card machines built with the latest technology integration? 

Why is a coherent payment solution important for businesses? 

If a venture possesses a robust payment gateway, then it would already keep the customers happy. Since a latent payment solution looks like a hustle for customers shopping from a store. 

This ineffective payment settlement system is more time-consuming and stressful for customers. 

 

Thus, they will hunt for stores and restaurants which can provide them with a seamless gateway. Thus, digital transformation should be adopted by merchants extensively to derive an edge against competitors. This transformation in businesses is via the newest technology in their payment solution. 

Building the business foundation 

When starting your own business a rock-solid payment infrastructure withering away customer’s hassles is incumbent. Some of the advancements to be incorporated by a business are:

Mobile Point of Sale  

The point of sale should be supported by mPOS technology. This liberates the stores from accepting in-store payments only. On top of this, payments-on-go will be the most desirable benefit rendered to the customers. Therefore, they will be able to initiate payments because the portability offered is unmatchable. Vendors can easily carry this handy instrument for accepting payments. Along with flexibility, these mPOS offer faster payment processing and faster-enhanced efficiency as well.  

E-wallets is the next big thing   

Exceptional flexibility proffered to the customers during the check-out process will always work in a business’s favor. Since the customers will not crib standing in long queues just to make the payment. This is why the concept of e-wallets is highly preferred because it eases the process of making payments. Our tech-savvy generation would always feel attracted towards efficient technical advancements. Thus, the use of Google and Apple pay has been on a surge. Since it has rendered impeccable convenience to the customer, plus the user interface has been comprehensible. QR code scanning has been another game-changer that eases the payment processing procedure.  

NFC enabled credit card machines

The era of contactless has been skyrocketing, thus card readers should impanel RFID technology. In this way, the effortless Near Field Communications product can be easily optimized by businesses. Therefore card readers used by businesses have to match up to the latest standards prevailing in the market. These card readers should support contactless payment solutions. Moreover, they should have an EMV compliant system i.e., these card readers support Euro, MasterCard, and Visa. NFC-enabled transactions will render more convenience to the clients and ease the workload of merchants too.

By Jim O Brien/CEO

CEO and expert in transport and Mobile tech. A fan 20 years, mobile consultant, Nokia Mobile expert, Former Nokia/Microsoft VIP,Multiple forum tech supporter with worldwide top ranking,Working in the background on mobile technology, Weekly radio show, Featured on the RTE consumer show, Cavan TV and on TRT WORLD. Award winning Technology reviewer and blogger. Security and logisitcs Professional.