September 4, 2020
Does your business require you to be constantly on the move?
If your business doesn’t have a physical location, then setting up a seamless on-the-go payment method for your customers is a must. Not only are upfront payments better for your cash flow, many people expect a modern payment option and will appreciate the convenience of a cashless transaction. 💸
The new payment system you pick will depend on the services you offer, the type of customers you have and what you’re willing to spend on managing payments. We put together 3 on-the-go payment options that may work best for your small business.
A payment on-the-go essentially means a payment that is fast and seamless. This could be a payment that you do while travelling, working in a tight space or if you’re not physically present with your customer. These range from QR code payments, to payment links and even our new Pomelo Pay feature: Tap to Pay.
Lugging around a bulky and expensive card reader is no longer necessary to accept payments. Now, with new technological advancements, a small and nifty card reader is all you need. Modern mobile card readers are portable, lightweight and make it simple for customers to tap, swipe or insert their card. To work, the card reader typically needs connectivity through 3G and WiFi or Bluetooth, and a corresponding card reader app for a phone or tablet.
Here are some of the pros and cons of using mobile card readers:
PayPal is a well-known e-money platform that recently expanded to business services. Registered business owners can sign up to PayPal Business and access features such as international payments, money transfers, cash advances, a debit Mastercard, seller and buyer protection and strict fraud protection measures.
There are two ways mobile business owners can use PayPal for on-the-go payments:
One of the best mobile card readers for small businesses is the Pomelo Pay app, where you can accept QR code payments, payment links and tap to pay contactless payments. By using something like QR codes you can easily turn your mobile phone into a POS and start accepting payments from anywhere. With payment links, you can send a secure link if you’re taking the payment on the phone or through an invoice. And with tap to pay, your customer won’t need to input their details anywhere!
The unique QR code is encrypted and only stores and digitally presents the data required for the transaction; no customer details or card information is stored. You also won’t need to be connected to the internet and can literally accept payments from anywhere (yes, even the moon 🌑). Your only requirement is a Pomelo Pay account and a smartphone.
Technology is constantly evolving - so how can you keep up with the best payment services for small businesses? At the end of the day, the best option is always the fastest, cheapest and most cost-efficient one.
At Pomelo Pay, we offer several small business payment options that are easily adaptable to how your customers prefer to pay. You won’t need to invest in additional hardware, you won’t have to worry about connectivity issues and your customers be assured that the payment is encrypted and their details aren’t stored anywhere.
Tap and Go is a feature that allows businesses to take card payments by tapping cards directly onto a phone like you would for a card machine. With Pomelo Pay’s new feature, Tap to Pay, customers can pay for their items quickly and easily - without merchants needing to rely on expensive and heavy card machines (that never seem to connect to Wifi or Bluetooth properly!)
Pomelo Pay is one of the cheapest card readers on the market. With a transaction fee of just 1.49%, businesses can accept payments without the upfront cost or maintenance of a regular card reader.
Yes, with the Pomelo Pay app you can turn your phone into a card reader. You can accept contactless payments with Tap to Pay, QR code payments, and send payment links along with your invoices.
Tiziania, owner of mobile food business Heartmelts, doubled her orders with Pomelo Pay. Read more to find out how!
Vincent Choi, CEO of Pomelo Pay joins the FinTech Magazine Podcast to talk about contactless payments, the importance of QR codes and the impact of the pandemic and Brexit for the fintech industry.