5 Steps to Transitioning to Contactless Payments For Good

5 Steps to Transitioning to Contactless Payments For Good

February 25, 2021 0 By Anonymus

A business should seize the opportunity to invest in point-of-sale systems that accept near-field communication payment methods. More customers than ever before seek the ability to dip, tap or pay with devices and other contactless methods. A POS system such as the Clover Flex terminal with a wireless credit card scanner and integrated NFC support is a good option for gaining the ability to accept contactless payments.

  1. Compare POS Systems That Support Contactless Payments

Most POS systems accept card payments through magnetic strips or EMV chips. It is important to select a system that also supports NFC payments to keep pace with changing payment trends.

For lasting functionality, seek out a POS system that also supports daily operations. Some platforms offer specialized restaurant or automotive POS software. Service-based businesses may benefit from the ability to schedule appointments, while inventory management may be a priority for retailers.

  1. Confirm Software Subscription and Hardware Costs

Check the base cost of a new POS system, but be aware that the price of hardware is only part of the equation. Clover Networks systems run on proprietary Register or Register Lite software and require an ongoing subscription.

It may be possible to reduce costs by starting a new account with the right account services provider. Look for discounts or promotional offers to get the best deal.

  1. Check Payment Processing Rates

A business should also factor in the rates for processing payments. Clover Networks ties these rates to software plans, with the more expensive and full-featured Register software having slightly lower rates for card-present transactions than the Register Lite software.

The fees a POS system and account service provider charge affect the profit margins and bottom line of a business. It may be helpful to consider the ways customers tend to pay to select the most cost-effective solution.

  1. Set Up a Contactless POS System

Once you have selected a POS platform for your business, it is time to set up the hardware and software. An account services provider should offer service and support personnel to help this process go smoothly.

Many POS systems advertise the ability to start taking payments right out the box. While this may be the case, an implementation period of days or weeks may be necessary to ensure a system is fully functional.

  1. Eliminate Friction From the Payment Process

Even after a POS system has been set up, eliminating friction is an ongoing effort. For example, a business may want to seek out solutions to make it possible to accept payments anywhere. Adjusting the hardware and software of a POS system to support curbside checkout is one way to make it easier for customers to pay.

It is important to choose a system with NFC support that is not limited to a particular payment system. This enables a business to process every type of contactless payment and maintain this capability as payment devices or methods change over time. Clover Networks POS offerings are cost-effective and versatile platforms that unite payment processing and operational management into a single system.

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