Mobile Payment Solution for Small Businesses: A Guide

If you dive into some modern-day business debates, you will find the tussle between digital payment options and cash dependency to be quite popular. Experts in the field believe that digital payment options can revolutionize businesses allowing new players to become a part of the game. It’s an excellent time for tech newbies to invade cash-dependent businesses that have controlled markets for quite some time.

Digital payment solutions make it easier for businesses to thrive without recurring billing discrepancies and payment issues.

Mobile payment means to pay for an item through your phone. As a business retailer, you can switch your payment model to mobile payments. Here’s how to go about with it:

Use ScanPay

ScanPay is a financial service that offers mobile payment solutions for businesses. It incorporates various payment methods and features that allow business owners to rethink business possibilities.

The service offers multiple payment options, including payments through cards, monthly subscriptions, and digital wallets. It has no hidden charges or monthly installment fees. It only charges 2.89% + 20 cents on every transaction.

Known software company Stripe has powered contactless payment apps for small businesses. Contactless payment apps like ScanPay usually use QR codes to transfer payment data.

Easy-to-Use:

ScanPay is an easy-to-use payment application. All you need to do is download one of its free online applications based on your phone’s operating system, input the amount to collect through each transaction and ask your customers to scan the QR code to access a diverse range of payment options.

Access: At the moment, ScanPay is only available for retailers in the US.

How Does ScanPay Work?

Once you’ve made an account on ScanPay, it takes you to your personalized dashboard. You have multiple options here that allow you to choose the best payment options for your business. ScanPay asks you for your basic details and bank account information. Bank account information helps the application directly transfer payments to your bank account.

Additional features of the app include:

• Tipping Services
• Adding Surcharge for premium services
• Your customers won’t have to download the app
• Speedy, hassle-free transaction of payments to your bank account

Mobile POS Applications powered by Stripe are perfect for mobile users. They are also easy to use in small and medium workplaces.