Merchants today have a variety of mobile payment systems to choose from. This choice opens the door to allow business owners to leverage their customer service and cultivate their customer relationships — but what’s in it for the merchant?
What Is a Mobile Payment System?
A mobile payment system is the transfer of funds, typically to a person or business, in exchange for goods and services, using a mobile device to execute and confirm the transaction. These transactions can be completed remotely, in person, or via contactless payments. Mobile payment systems provide flexibility to both merchants and consumers, while also unifying online and offline operations. The most popular examples of mobile payments include mobile wallets, QR codes, and payment links.
The market currently offers a variety of good mobile payment system options, from Apple Pay and Google Pay to PayPal and Venmo, but there is one that stands out from the rest.
eCloud4 is emerging as a leader in this industry due to a host of offerings that benefit both parties. Let’s take a closer look at the benefits accompanied with being an eCloud4 payment partner.
Why Choose eCloud4 as Your Mobile Payment System Solution?
- Cash back incentives: While systems like Google Pay and Apple Pay are widely recognized as trusted mobile payment systems, eCloud4 is gaining momentum as the only one to offer cash back with each purchase. eCloud4 members receive $3.50 off their initial purchases at participating retailers, with the chance to earn an extra $10 for spreading the news. This is in addition to a host of exclusive promotions and discounts available to users.
- Low fees: While eCloud4 customers benefit with cash rewards every time they make a purchase, eCloud4 merchants enjoy lower fees per transaction, with only a 2.3% processing fee. Compare this to systems that operate using the customers’ credit or debit cards and therefore generate considerable fees for the merchant. eCloud4 offers the lowest fees in the market, because your success is the main objective — and you don’t pay a cent until you make a sale.
- QR code security: Apple Pay and Google Pay promote themselves as safe and secure ways to make payments. However, did you know public wifi connections can actually compromise the security of your account? QR codes eliminate this worry of public wifi breaches because there is no need for customers to share sensitive information such as PINs or account numbers in order to set up their eCloud4 account. Instead, a QR code simply links the customer’s mobile payment app to the merchant account, for safe and secure transactions 100% of the time.
Additionally, many mobile payment systems can lead to ‘card clashing’; an issue that arises when two or more payment solutions interfere with each other’s transactions, interrupting and canceling one or both. QR codes payment systems, like eCloud4, eliminate this threat so you can feel confident in the service you provide.
eCloud4 provides the hardware and software required to facilitate the QR code payment system, complete with onboarding assistance and access to a 24/7 online support system.
- Free eCloud4 marketing campaign: In keeping with the promise to leverage their payment partners, eCloud4 offers a ton of sales, marketing, and business services for free. Supported by an advertising backend management system, eCloud4 promotes your business with a tailored marketing campaign to expand the scope of visibility to strategically connect you with an existing community of motivated buyers, and in turn, increase your sales.
- Ease and scope of use: eCloud4 can be used by everyone. Unlike Google Pay and Apple Pay that favour iPhone or Android respectively, eCloud4 is suitable for all mobile devices. The interactive design caters to ease of use for both the merchant and the customer so that both can enjoy seamless transactions and continue to build long-lasting relationships.
- Connect with target customers: In a successful effort to increase customer satisfaction and retention, the eCloud4 app is equipped with geotargeting capabilities which allows customers to locate their favourite merchants with just the click of a button. This tailored service gives eCloud4 merchants and customers an added advantage over those who use alternative systems like Google Pay or Apple Pay.
Despite the multitude of great options on the market, there is only one that truly cares about your success. Start elevating your customer service experience and increasing sales today with eCloud4 — the revolution is now.
