Apple pay and Android pay: how to make the most of it as a business?
The newest trend in terms of payment is mobile payment. Nowadays, nothing is easier than using a smartphone to pay a bill. In fact, statistics are showing that consumer interest toward this technology is growing and that many are willing to give up their cards to simply use their phone. Make sure your business is prepared to accept these new payment method has therefore become a must.
Point of Sale: You need to verify if your Point of Sale (POS) system is able to collect payment data and route it to your payment processor. To do so, you can consult your point-of-sale system provider. You may only have to make a few small updates or changes to activate contactless payments.
Also, you will need to train your employees so they can educate your customers about mobile payment. For example, it may be useful for them to know which Canadian financial institutions support Apple Payand which institutions accept Android Payand how they can use them. Also, reassure them about the high level of security and the speed of transactions that it allows. They will be willing to mention to your customers that you accept it in your business.
As you may have noticed, you can easily implement mobile payment in your business to maximize the quality of your customers’ experience and make their purchases easier. Remember that you can rely on your payment provider to help you through this process.
How does mobile payment work?
Mobile payment allows your customers to pay their purchases of $100 or less using their smartphone. To do so, they simply have to hold their phone near your terminal and wait a few seconds for the payment to be confirmed.What devices accept mobile payment?
Terminals:To accept mobile payment in your business, all you need is a NFC-enabled terminal. As its name suggests, it uses near-field communication technology to precede transactions. You only have to contact your payment terminal provider to find out which one you can use in your store. In case you already have terminals that support the NFC protocol, you can also ask them if you need an upgrade or if your NFC is enabled.Point of Sale: You need to verify if your Point of Sale (POS) system is able to collect payment data and route it to your payment processor. To do so, you can consult your point-of-sale system provider. You may only have to make a few small updates or changes to activate contactless payments.
Are there specific standards to encounter?
Accepting mobile payments doesn’t add additional compliance requirements to those already established by the payment card industry (PCI) security standards. At any time, you can ensure that your system is compliant by consulting your terminal and point of sale providers.How is it possible to indicate acceptance of mobile payment?
To let your consumer know that you accept mobile payment, simply display an “Apple Pay”, “Android Pay”, “PayPass” or “payWave” symbol near your cash register. People that are using it will immediately know that they can use their smartphone to pay.Also, you will need to train your employees so they can educate your customers about mobile payment. For example, it may be useful for them to know which Canadian financial institutions support Apple Payand which institutions accept Android Payand how they can use them. Also, reassure them about the high level of security and the speed of transactions that it allows. They will be willing to mention to your customers that you accept it in your business.
As you may have noticed, you can easily implement mobile payment in your business to maximize the quality of your customers’ experience and make their purchases easier. Remember that you can rely on your payment provider to help you through this process.