Growing towards a cashless society
It’s a pandemic that threatens to bankrupt businesses and kill various industry sectors. With COVID-19 no one’s immune and the movement towards a cashless society has grown significantly, and is set to continue as people rapidly change their spending habits and society accelerates towards cashless and limit contact. With new safety measures and the increase in the contactless limit introduced back in April, merchants are finding expansive ways to do business online or by phone and let cash payments become a thing of the past.
Embracing payments via mobile devices
The World Health Organization (WHO) reports that more than 90 million people are infected with COVID-19 worldwide. Banks, restaurants and shops in the UK are now embracing payments via mobile devices, tapping into a vast new market of consumers who pay by wave of hand.
Cash is in decline and many feel it is time to “get rid of cash for good”. Debit and credit card payments coupled with the surge in contactless payments are now regarded as the go to way in which customers look to pay. The usage of cash has declined rapidly even before the pandemic. If you are a customer wishing to purchase something, with cashless you can buy any product, anywhere, at any time. Using your mobile phone, laptop or a computer, you can buy products and services at home and abroad for immediate delivery.
Shift in card payments
Since 2008, our vast array of mobile platform card payment and merchant service product strategy has allowed us to support thousands of UK business owners with secure and simple card machines and point of sale systems for credit cards. No matter the size of your business, secure online and accepting card payments aren’t just desirable, they’re essential. You can also take advantage of Apple Pay, Google Pay and Samsung Pay payments, so your customers are provided with flexibility. It’s apparent that the ‘new normal’ for businesses has been shaped by consumer preference for e-commerce, digital and contactless payments.
Every day you’re not using a digital payment solution is potentially lost revenue. Technology will continue to improve, but in the meantime, there are payment solutions available today that can help you keep up with technology to drive your business forward and utilise every sales opportunity. Now is the time for business owners in the UK to bring their business into the 21st century to thrive. To help you get there, we offer a range of services; merchant accounts, virtual terminals, E-commerce solutions, latest innovate card machines, point of sale systems, card machine accessories and so much more. To make integration seamless, our team of experts is on hand to set everything up for you.
Learn how Wireless Terminal Solutions and accepting card payments can help your business. Whether it’s increased security, better payment options for customers, or a stable and scalable medium of exchange between buyers and sellers, we have the tools, the infrastructure and in-house technical team to support your business. Prepare your organization today to take advantage of future solutions that are being built now.
Customers making the switch to card payments
For nearly all of the businesses we spoke to after the first lockdown, it was their shoppers that made the switch to cards first and prompted them to implement new changes. Some individuals had concerns over handling cash but research reveals that one in four people prefer to use contactless payments because it’s quick, easy and they don’t have to handle cash. Contactless payments allow you to pay faster without the need to carry physical money, eliminating the risk of theft or loss.
Cash is dirty
Cash quite simply put is made of germs. This means that the money and cash you carry can transmit disease to others and under the current climate that isn’t good news. If you do come into contact with cash, it is advised to wash your hands when you have been in contact with money. An alcohol-based hand sanitizer is another option. In the event of a widespread pandemic , it is imperative to be prepared.
Have you made the transition from cash to card payments during the pandemic? What habits have you seen or implemented since the pandemic outbreak impacted the UK back in March? Please comment or email us sales@wirelessterminalsolutions.co.uk.