IT web article
Payment Technology for Retailers
The mode of payment has changed over time with more and more less costly and easy payment solutions being introduced every day. As a retailer, if you don’t up your game or stay up to date, you could find yourself lagging behind and even lose your customers. In other words, it’s imperative that you have the right payment methods at the right time.
Without further ado, let’s dive right into some of the top payment technology that you must have as a retailer:
Europay, MasterCard, and Visa Card technology
Also known as EMV. Experiencing a data hack has become something retailers dread since the passing of the liability shift. As a result, a data breach could lead to the end of your business as we know is, however; there’s a sunshine in the storm and that’s in the in form of an EMV-enabled credit card machine. With this device comes a high level of security and a fraud insurance from the providing company, like Wow Payments depending on the terms.
Point of Sale System
Commonly known as the POS. One of the many reasons why Wow Payment is the best credit card processing company is that it offers a record of all transactions. This function also comes with an analytic system which gives you the power to manage your inventory and increase profitability.
Contactless and Mobile Payments
These two types of payments are fast becoming popular. Just 3 years ago, over 30 million transactions in the United States took place via mobile payments. Mobile wallets like Google Pay and Apple pay are also very common among young adults.
With the ever-increasing competition among businesses, it’s paramount to upgrade your payment methods as a retailer. Wow Payments is the best place to start as it offers merchant services that come at a low cost, including an EMV credit card payment solution, which is free of transaction charges. This company’s payment services also include both contact and contactless payment approaches.
For more information, visit http://wowpayments.net/