>, Increasing Your Sales, Merchant Processing, Running Your Business, Uncategorized>3 Things to Keep in Mind When Modernizing Your Payment Processing System

3 Things to Keep in Mind When Modernizing Your Payment Processing System

As your business prospers and expands, it’s important to accept payments from your customers in all possible electronic forms to increase your overall electronic payment acceptance and revenue. Here are a few things to think about as you bring your system into the modern age.

  1. Consumers have more options than ever to pay.
    Keeping up with current trends isn’t important only for your products or service.  Offering multiple payment options will keep your customers happy as well. In addition to cash, check and credit, more and more consumers are turning toward contactless payment options; phones, apps and even on their wrists. Not only can these speed up the transaction time, but there is added piece of mind for the consumers since these methods of payment never has to leave the customer’s hand.
  2. You have more options on how to accept payments.
    There are no rules anymore saying that an online business cannot also be brick and mortar, or that brick and mortar stores can’t hit the road and travel to their customers. Your business can be anywhere you want it to be so it’s imperative that your payment processing keep up with you. With cloud-based technology, you can seamlessly go between online, mobile, and in store payments that will increase your bottom line.
  3. Find a system that adapts to your needs, they are out there.
    For the longest time, businesses had to make do with payment systems that weren’t quite right for their needs. Either they had to pay for accessories and features they didn’t need, didn’t get the features they wanted, had to pay for costly upgrades, or worse, just do without to save money. Payment systems have evolved and now several have their own app stores so you can customize for your business operations. Need to keep track of inventory? Download the app. Want to use it as an employee time clock? Download the app. As your business needs change, your system can adapt with you to save you both time and money.

Researching a new payment processing system can seem like an intimidating undertaking. Rather than tackling it alone, one of our Newtek Payment Specialists can help you build the system that is best for your needs. Talk with us today by calling 800-277-6990 or you can click here: https://www.newtekone.com/payments/merchant-solutions-form/

 

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