Maggi, July 16, 2014
When you hear the phrase ‘mobile payments’, you might think that it’s a fancy high-tech thing that your business doesn’t need. But you’d be dead wrong. Mobile payments are the next step in a rapidly changing business environment, and it’s crucial for small businesses to be able to take mobile payments.
Not having a mobile payment solution doesn’t just mean you could get paid later than you’d like—it also means that you could be beat out by bigger companies.
A recent report estimated that mobile payments would rise by a whopping 65% in this year alone. Which means if you can’t accept mobile credit card payments, you’re going to be left behind. And larger businesses are starting to jump on the mobile bandwagon as well. If you aren’t ready to take a credit card at the job site as soon as the job’s done, you’ll be handing advantage to your competitors, both large and small.
Let’s face it—if you can use a credit card to buy a newspaper, it’s safe to expect that you’d be able to use one anywhere.
Not only will your competitors be taking mobile payments, but customers are starting to expect that you’ll be able to. The use of cash is dropping, and not many people pay for services with cheques anymore. So what are you going to do? You could invoice your customer, but that adds time to the gap between the job and getting paid, killing your cashflow.
So what’s a small business to do? Get set up to take mobile payments, obviously!
It might sound like a difficult proposition, but you can be ready to take credit card payments directly from your mobile in just a matter of minutes. There’s no need to buy an expensive iPhone credit card reader, sign a contract, or open a merchant account at the bank.
All you have to do to get started with mobile payments from SmartTrade is to download the free app to your iPhone. We’ll ask you a series of questions about yourself and your business—VAT number, address, bank details, and so on—and then you’ll be ready to start taking payments.
It’s really that simple.
Other providers, like payleven and PayPal Here, require you to purchase an expensive mobile card reader that takes up space and can break if you’re not careful. With SmartTrade, all you need is your phone. Just place your customer’s card under the camera, and the details are zapped in. Just enter the security code, and the payment will start processing! Your money will be in your bank account in less than a week.
Sound too good to be true? It’s not. And you might also be surprised to find out that SmartTrade has some of the lowest transaction fees around. There’s no setup cost, no contract, and you only pay 2.65% + 20p per transaction.
SmartTrade improves your cashflow by letting you invoice easily and immediately, and by giving you the ability to take a card payment as soon as the job’s done, without even going back to your van. All of that with just a few minutes’ setup time. Easy!
Want to learn more? Check the features of the app and our prices. And to see how it all works, just send us an e-mail and we’ll set you up with a free demo of the app and the online dashboard! Or just download the app now and get started taking mobile payments today.