Why Your Small Business Should Accept Mobile Payments

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Both business owners and consumers understand that accepting mobile payments is here to stay. Its popularity reflects a shift in customer expectations as well as business operations. Customers have come to expect payments to be frictionless, seamless, and nearly instantaneous.

According to Merchant Savvy, the global increase in mobile contactless payments nearly doubled between 2019 and 2021, nearly doubling from 29 percent to nearly 44 percent. People expect to use their mobile devices in more ways than ever before, including seamless mobile payments.

There is no reason to avoid mobile payments today: you can easily accept payments on a variety of devices, from phones to tablets. Mobile payments, whether keyed in or swiped, can make the purchasing experience quick, easy, and effortless for both you and your customers.

Benefits of Mobile Payments
Accepting mobile payments benefits you in more ways than one. For example, you might get:

More convenience
Customers expect convenient payment options, which now include mobile payments. Mobile allows you to meet your customers where they are, ...
... resulting in increased engagement with your services and products, increased sales, and, ultimately, increased revenue for your company.

More revenue
You don't have to turn away customers because they don't pay with cash or check when you accept mobile payments. People are more likely to say "yes" when they use mobile payments. Furthermore, an easy and convenient mobile payment experience leaves a positive impression on customers and encourages them to do more business with you.

More efficiency
Mobile payments allow you to get paid faster, reduce paperwork, and maintain a positive cash flow. You have more time to grow your business because you don't have to process stacks of paper invoices, track down payments, or wait for customer checks to arrive. For example, prior to accepting payments via online payment gateway, Reborn Cabinets' Accounts Receivable department was constantly following up with sales representatives, field engineers, project managers, and customers to manually enter payments and process credit cards. The best online payment gateway now allows them to accept mobile payments, reducing data entry and freeing up time for other growth projects.

More for less
When compared to other payment solutions, the cost of hardware with mobile is minimal. Tablets and smartphones are far less expensive than computers and far less expensive than purchasing or leasing credit card processing machines. Offering mobile payments is thus a smart solution for small businesses.

Mobile Solutions for Small Business
When you set up mobile payments for your business, you can accept payments from customers using a variety of mobile devices, such as phones and tablets. You can also select from a variety of mobile payment methods, such as a mobile app, email invoicing, online payment forms, or website buttons that allow you to click and complete a purchase from your phone.