Feb 14, 2018

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

As your business prospers, it’s important to stay on top of current trends and technologies that are relevant to your business including the solutions you use to transact payments. Here are a few things to think about as you bring your payments capabilities into the modern age.

Consumers have more options than ever to pay. We’re not just talking about the choice between credit cards and cash. The way consumers pay for products and services have dramatically evolved in recent years, most notably with the adoption of smartphones. From Apple Pay and Near Field Communication (NFC) technologies to ecommerce through Smartphone apps, consumers now buy and pay for things without ever looking at their wallet. The bottom line is this: consumers love convenience.
Your business also has more options for accepting payments. With the technologies available now, even the smallest business can offer the payment convenience that meet today’s consumer expectations. This includes the ability to take secure payments online, or wirelessly within your store, or when completely mobile. Giving your customers more convenient ways to pay gives your business the best shot at capturing more business. Touch-screen and tablet technologies have also produced exciting new Point-of-Sale systems that not only deliver a great payments experience, but include features that can help you grow and manage your business.
Find a total solution that fits your specific needs. There are many great gadgets, apps, and widgets out there that can help you modernize your payments capabilities. But as a business owner, it’s key to ensure that the solutions you select are 1) secure, 2) financially make sense, 3) manageable, and 4) addresses all your needs.

Researching a payment processing solution can seem like an intimidating undertaking. Rather than tackling it alone, give Newtek Merchant Solutions a call. One of our experts can assess your needs and will craft a solution that makes the most sense for your business, whether it’s a robust Point-of-Sale system, online store, mobile capability, or all of the above. Talk with us today by calling 800-277-6990 or you can click here to request a specialist to reach out to you: