4 ways a portable payment system can supercharge your sales this year
Enhance your day-to-day operations with the power of a portable payment system.
Sponsored by Tyro. Take your payments wherever you go with the Tyro Go EFTPOS reader*. Small enough to fit in your pocket, the Tyro Go is a fuss-free payments solution at an affordable price.
Enabling a smooth, frictionless shopping experience for customers is essential for any business.
It's easy enough to do this when you're just starting out. The early days of your business often mean fewer customers and it's easy to provide hands-on service.
But you need to be able to scale as you grow too. You need the right processes and tools in place to streamline your services while still maintaining quality.
One tool that's surged in popularity for mobile and brick-and-mortar businesses alike in recent years is portable payment systems. Let's take a look at the key reasons why.
1. Easy, cash-free sales
In the old days, we used to say that cash was king.
But in practice, it's not always the most convenient thing for business owners to deal with.
There's the time involved in all the administration around it – managing floats, counting them at the end of the day, arranging deposits and ensuring paperwork is up to date.
If it's stolen or goes missing, you rarely have recourse to reclaim it.
So using a portable payment system helps things stay streamlined for both yourself and your customers.
There are a few available on the market, but let's take a look at Tyro Go EFTPOS reader as an example.
Tyro Go is a sleek and compact payments device that allows you to take payments wherever* your business takes you.
With simple pairing via Bluetooth and the free Tyro Go App, it allows you to accept all major cards right from the palm of your hand so you never miss a sale.
With a portable payment system, you can set yourself up so that clients can simply tap and go.
2. Beating the queues for your customers
One of the big reasons online shopping has exploded is customers hate having to deal with queues.
We've all had the feeling of finding the perfect item in-store – only to have to wait an inordinate amount of time to purchase it.
By having multiple portable payment devices on-hand, you're able to empower your staff to proactively process sales on the shop floor.
This can cut down drastically on queuing time and leave customers feeling more satisfied with their overall experience.
In turn, this helps create return customers who are invested in you and what you do.
Of course, you want to make sure you're doing this in a cost-effective way.
One of the reasons people don't invest in more retail tech is the sometimes over-the-top costs associated with it. Whether it's the tech itself or transaction fees, it can add up very quickly.
With portable payment systems, costs can vary quite a bit.
We'll take a look at Tyro Go again, but always make sure that you compare costs before committing to a specific provider.
Tyro Go charges $59.95 per reader (incl. GST) and 1.6% per transaction (incl. GST). If you're an existing Tyro customer, you're also eligible to retain your current card transaction rates as per your agreement with Tyro.
The scale required for every business is different too. For some businesses, it will be a case of starting with 1 and gradually scaling up. For others, multiple systems may be required from the get-go.
3. Paperless receipts
Paper receipts – ironically – often aren't worth the paper they're printed on. They fade, get torn or lost or end up in a landfill. Receipt rolls are also an added expense to your business.
By adopting a digital portable payment system, you're able to cut paper receipts entirely.
It's standard these days for a payment system to include digital receipts. All the customer needs to do is provide their phone number or email address and it can be forwarded over.
This means they've got an easy-to-access record of their purchase. It's better for the environment too.
4. Easily accept a wide range of payments
Credit cards and cash tend to be the go-to with payment. But the payment landscape is evolving rapidly and there's an increasing emphasis on digital wallets.
Accordingly, when you opt for a portable payment provider, you want to make sure they've got some out-of-the-box payment inclusions.
This will be a big shift for some businesses. But it's important to note that it's not just about the payments you're receiving now – it's also about what sort of payments you might be receiving in the future.
Every provider offers different options, so scout around to find one that suits your needs.
As a baseline, it should support all major credit cards. Support for digital wallets such as Apple Pay, Samsung Pay and Google Pay can be a handy tool to have in your back pocket as well.
Learn more about Tyro Go
Sponsored by Tyro. Take your payments wherever you go with the Tyro Go EFTPOS reader*. Small enough to fit in your pocket, the Tyro Go is a fuss-free payments solution at an affordable price.
