Are you using mobile technology to process payments?
A new PayPal app now allows users to pay for products using photo verification. Are you embracing new technology to increase the efficiency of your business?
There are now many ways for SMEs to take credit or debit card payments quickly and efficiently. Smartphone technology, whereby customers use their mobile device to pay for goods either by slotting it into a reader or via Bluetooth, is proving particularly beneficial for some small businesses in managing cashflow.
Richard Garcia, owner and proprietor of Cook & Garcia cafe on The Quadrant in Richmond, is one of a number of business owners in the area trialling a new PayPal app which allows customers to purchase things using their name and a photograph.
He told the Independent: ”It is the quickest transaction through the till, which means less queues and we never have to turn down a sale, both of which are great for business.”