We are looking ahead for the new normal and payment options that work for your industry. No matter what type of business, retail, restaurant or service, we are moving into a “Less is More” scenario. Even after the current health crisis is over, we will need to address the economic feasibility and maintaining business, while adapting to meet the coming challenges for small and medium sized businesses.
In terms of “Less is More” we mean:
- Less touch.
- Less cash handling.
- Less risk accepting checks.
Less touch can mean moving to Bluetooth or tap to pay, plus encrypted online payments via e-mail or a virtual payment portal.
Less cash handling can include all of those methods above, plus Electronic Funds Transfer (EFT) or Automated Clearing House (ACH).
Less risk accepting checks is to include all of those options as well as offering automated recurring billing to a credit card, which may help with budgeting needed services and products in a time when peoples’ bank account reserves may be lower than usual.
Six options for applying simple, easy to use technology, no matter what your industry are coming into play more and more.
- Bluetooth
- Tap to Pay
- Encrypted on-line payments
- Virtual payment portal
- EFT (Electronic Funds Transfer)
- ACH (Automated Clearing House)
All of these simple to use technologies are available today and can be implemented quickly.
If you have questions, please contact us to learn more. We are here to help and ensure that you are ready when business, gets 100% back to business. No matter what the new normal is, your clients and customers will need to feel safe, protected and secure when paying you and your team for products and services. It is time to get ready.