Mobile payment systems are becoming increasingly popular among small business owners as they offer a simple, secure, and cost-effective way to accept payments. However, with so many options available, it can be difficult for small business owners to choose the best mobile payment system for their needs.
How your small business handles payments was once a basic decision: cash, checks, credit cards via a merchant account, and you were done. But while the digital age has given customers a lot more flexibility in how they can pay, it’s made the process significantly more complicated for merchants, especially small shops or online retailers.
Most merchants already have traditional credit card processing services that now also power a long list of online payment and e-commerce solutions. But over the last few years, that list has gotten even longer because of the rapidly multiplying number of mobile payment methods that can use proprietary processing devices, smart cards, and touch-less terminals.
All these options are great for consumers, but this payment evolution also means that small businesses now have to wade through a lengthy requirements gathering and cost-benefit process for each new payment method with which they engage.
eCloud4 is blazing a new trail in the modern-day mobile payment system industry — offering a robust cloud-based QR code solution focused on creating a mutually beneficial experience for small businesses and the loyal customers they serve.
What To Look For in a Small Business Payment System
- Security: When selecting a small business payment system, it is important to make sure that the system is secure and that the data is encrypted to protect customer information. When it comes to maintaining privacy, QR code payments are a good option because they do not require the exchange of personal information. Instead, a QR code simply links the customer’s mobile payment app to the merchant account.
- Scalability: As your business grows, you need to make sure that the payment system you choose can grow with you. Look for a payment system that can easily scale to meet the needs of your business as it expands, including the ability to handle larger volumes of transactions and an increasing customer base.
- Cost: Look for a payment system that is both cost-effective and provides good value for money. Cloud-based payment systems are a great option because they require less capital expenditure to implement than physical systems. Payment data is managed and stored via a data center, so capacity is not an issue; you simply pay for what you need at the time and buy more as the business grows.
This has particular benefits for small and medium-sized businesses as most do not have the capital required to implement a physical payment system. However, with the use of the internet and the cloud, smaller merchants can enjoy the same efficiency as big businesses at a fraction of the cost.
- Payment types: Ensure that the payment system you choose is able to process the payment types your customers are likely to use. Getting to know your client base is important so you can adequately fulfill their needs.
- Added benefits: Look for a payment system that offers good customer service and additional perks for payment partners. This can include free marketing and business services and an integrated design, social media, and advertising backend management system.
How eCloud4 Can Transform Your Small Business
eCloud4 is focused on your success. With processing fees of only 2.3% and a variety of cash-back rewards for consumers, eCloud4 doesn’t charge merchants a cent for setup until they actually make a payment. eCloud4 provides the hardware and software required to operate the QR code payment system, and after a no-charge, in-person onboarding session supports all payment partners with 24/7 online support. Why? Because eCloud4 wants to see your business thrive.
In addition, eCloud4’s leverage-focused, affordable advertising platform will craft a tailored marketing campaign to expand your scope of visibility, attract new like-minded clientele, and increase your profits.
eCloud4 is ready and waiting to transform the way you do business. Get in touch today — the revolution is now.
