Start up business? 7 most fantastic films to inspire you and your business
At Payzone we love great films. But, what we really love is great films that can inspire businesses.
Providing card and bill payment services for more than 30 years.
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Let's take a look at how popular contactless payments have become and why it’s a great option to offer to your customers. In March 2014, the UK Cards Association announced that monthly spending on contactless cards, as published by My Customer, had exceeded £100 million for the first time. In July 2016, there were 92.1 million contactless cards in issue in the UK, with 240.4 million contactless transactions made in the same month.
At Payzone, we keep our finger on the pulse in terms of technology, so all of our card terminals are contactless – but what’s the hype? What can contactless payment bring to you and your business?
How many times have you decided to abandon your purchase solely based on the size of a queue in a shop? Contactless payment aims to solve this issue, reducing transaction times to a fraction of a second, as opposed to the time you would spend entering your PIN and waiting for the configuration of card systems. Contactless payment is a sure-fire way to serve more customers and process more transactions.
Contactless terminals follow the same process as installing the traditional chip and PIN model. Debit transactions with contactless cards could actually save you money, costing less per transaction than chip and PIN. You’ll also be saving on paper, as receipts don’t necessarily have to be printed off unless requested by the customer.
With the incredibly fast adoption of contactless payment, more and more customers are treating it as the norm. If you don't meet customers' expectations for faster, more convenient payment options, you could lose their business. According to a report by Smart Card Alliance, the ease, speed, and convenience to consumers of paying at a merchant location accepting contactless payment makes them more likely to return to that merchant.
Above all else, contactless technology is secure and performs impressively when it comes to fraud. Fraud losses on contactless cards in the UK remain consistently low and, according to the Smart Payment Association, represent just 0.02% of all card fraud. Payment terminals, such as Payzone’s range of card machines, uses the latest PCI DSS compliant technology.
Customers who use contactless spend more than those who pay with cash, so offering contactless payments could increase the overall value and frequency of purchases per customer.
At Payzone, we're dedicated to providing payment solutions to small to medium-sized businesses across the UK. Learn more about our card machines and get a free quote today.
At Payzone we love great films. But, what we really love is great films that can inspire businesses.
Let’s have a look at exactly why we think eCommerce is the way forward.
Card payments overtakes cash for the first time in the UK. Find out more...
Previously Payzone UK Limited. takepayments Limited is a limited company registered in England and Wales under company number 3102137. Authorised and regulated by the Financial Conduct Authority. Registered office address: 4th Floor Highbank House | Exchange Street | Stockport | SK3 0ET. takepayments Limited is officially licensed by Mastercard and Visa International as an Independent Sales Organisation and Member Service Provider, and works in association with a number of Merchant Acquirers, the preferred one being Barclaycard. These acquirers undertake the processing of card transaction. By continuing to use our website you consent to us storing cookies. For more information see our Cookie Policy. You can also view our Privacy Policy here.
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