Not just in-store: 5 types of SMEs that can benefit from mobile payments
There are plenty of businesses and organisations that can benefit from mobile payments and don't realise it! We take a look at some of them.
Sponsored by Tyro. Accept contactless payments with an iPhone and the Tyro BYO App, no extra hardware required. It's a fuss-free payments solution for mobile SMEs.1
If you're a business owner, you probably tend to associate mobile payment systems with retail outlets and traditional storefronts.
But the scope is actually much bigger. There are plenty of business operators and sole traders that can benefit from using Tap to Pay solutions.
One of the traditional barriers has been the need to invest in separate hardware.
But the good news is that mobile payment systems have also evolved beyond this requirement.
Systems like the Tyro BYO App1 allow you to process in-person payments using just an iPhone, no additional hardware needed2.
So today, we're going to look at some of the businesses that might be able to benefit from mobile payment systems – such as the Tyro BYO App on iPhone – and how they can help.
1. Charity and NFP operators
In a world where the use of cash is on the decline, charitable organisations can have a tough time collecting donations.
But a mobile payment system – like the Tyro BYO App – can free you up to take donations on the spot. You can simply input the donation amount, and the donor can tap their card and go.
It's a way to significantly streamline the process, allowing donors to easily make one-off payments. You're also able to accept donations across a broader range of payment types, without needing to rely on cash.
2. Travelling salespeople
If you're in sales, you know that every extra barrier in place makes a sale less likely.
It's no different when you're on the road, either! So having a mobile payment system – for example, the Tyro BYO App on your iPhone – in place to be able to finalise sales on the spot can be extremely handy.
You're able to reintroduce the often-crucial element of urgency to the sale, by being able to close there and then.
Additionally, you cut out the need for chasing payment further down the track. This creates a more positive and seamless experience for the customer, which in turn can make them more likely to purchase again in the future.
3. Transport and logistics staff
When you're in the transport business, you tend to be in the business of payments and invoices by default too.
But it doesn't make sense to cart around an EFTPOS machine all day on the off-chance that you need to take a payment or two.
Rather, you can just use your smartphone to process payments, via an app like the Tyro BYO App instead.
This way you're able to strike the middle-ground of having a versatile payments system available when necessary, without adding additional set-up and hassle to your route.
4. Mobile businesses
All sorts of businesses are based out of the back of a truck – tradies, cleaners, animal carers and many more. And they need payment solutions to suit their working style.
Chasing unpaid invoices is time-consuming and takes away from core business focuses. Conversely, requiring immediate cash isn't necessarily convenient for the customer, either.
Mobile payment systems like the Tyro BYO App allow you to split the difference. You're providing capacity for immediate payment without requiring extra investment on your part, while also eliminating the need to chase clients further down the track.
5. Sole traders and side hustlers
If you're running a small business that doesn't need payment hardware full-time – such as a market stall – a mobile payment solution can be an excellent middle ground.
You've got the convenience of being able to accept payments as and when required, without having to involve the expenses of a terminal.
Some side hustles can also involve significant chunks of change that you may not be comfortable carrying around on your person.
For example, if you've offloaded some expensive items on a public forum like Facebook Marketplace, you might prefer to accept digital payment, rather than cash.
Having access to a mobile payment service like Tyro BYO can significantly streamline this process. You're able to hand over the goods, and the customer doesn't need to worry about having cash handy, either.
Discover Tyro's range of mobile payment solutions today
Sponsored by Tyro. Accept contactless payments with an iPhone and the Tyro BYO App, no extra hardware required. It's a fuss-free payments solution for mobile SMEs.