As businesses become increasingly more connected and digital, cloud-based payment systems have become the most effective and secure way to make financial transactions.
Offering infinite flexibility, these systems provide a safe and efficient way to process payments, while also significantly reducing the cost of processing payments for merchants.
With the increasing demand for digital payments, cloud-based payment systems are rapidly becoming the future of payments and eCloud4 is dominating the market with its robust solution designed to benefit the customer and the merchant simultaneously.
Ultimately, the goal of any business in the age of cloud technology is to use payments as a way of enhancing the customer experience. Let’s take a closer look at what cloud-based payments actually are and how they can improve the customers’ journey.
What Are Cloud-Based Payment Systems?
The cloud is the name given to a cluster of servers hosting data all across the globe. If your data is being stored in the cloud, what it actually means is that it’s being stored remotely on a server that could be hundreds, if not thousands, of miles away. This gives users the power and flexibility to access that data wherever and whenever with a reliable internet connection.
A cloud-based payment system allows merchants to accept payments on any digital device — providing freedom from the restrictions of the traditional POS system. These payments can be contactless credit card purchases, online orders, and everything in between. It’s a complete omnichannel solution that benefits users in ways other mobile payment options simply cannot.
Why Are Cloud-Based Payment Systems So Popular?
Aside from offering a flexible and seamless payment experience for the business and customers alike, cloud-based payment systems boast a range of benefits. Let’s explore:
- Complete security: Today security is the biggest customer concern for using internet-based payments. Cloud-based data is infinitely more secure than a physical system. There’s also the added benefit of having all of your data backed up in the cloud.
- Low cost: Traditional IT infrastructure requires investing in the actual hardware that includes upfront costs. Since business needs constantly change, it becomes difficult for companies to predict what technologies they want to install before purchasing the hardware. This leads to either need a lot of unused space or needing extra space urgently. With cloud computing, businesses only pay for the space they are using. This flexibility allows them to avoid unnecessary hardware and space costs that aren’t being used.
- Full integration: Data integration is critical for maintaining a seamless, friction-free transaction process for customers. Cloud-based payments systems allow seamless integration with external accounting and management software essential access data and ensure faster payment transactions.
- Increased scalability and flexibility: Cloud-based payment systems require less capital expenditure to implement than physical systems and they are scalable to meet the changing needs of your business. Payment data is managed and stored via a data centre, so capacity is not an issue. You simply pay for what you need at the time and buy more as the business grows.
eCloud4 Is the Future of Cloud-Based Payment Systems
eCloud4 is a cloud-based QR code payment system that beats the competition with only a 2.3% processing fee for merchants, while also offering cash-back rewards for consumers.
eCloud4’s merchant payment system is the most simple, secure, and affordable money management system on the market, and was designed to benefit both the merchant and the customer in a variety of ways.
In addition to offering the lowest processing fees, eCloud4 provides free setup and provision of the hardware and software required to facilitate the QR code payment system — complete with access to 24/7 online support and no-charge, in-person onboarding.
Other perks include a leverage-focused, inexpensive advertising platform that crafts a tailored marketing campaign to expand your scope of visibility and, in turn, increase your sales.
When merchants make eCloud4 their primary payment system, not only do they attract more like-minded customers, but they see increased loyalty from new and existing customers.
Find out how you can leverage your payment system with eCloud4. Get in touch today — the revolution is now.
