How to unlock the power of contactless payments with a smart terminal

Modern customers are embracing expansion of the payment types and options that have become available to them in recent years. 

As a business owner, it is in your best interest to update your systems to meet shoppers’ expectations when it comes to their experience at the cash register or online checkout. A smart payment terminal can be the secret to your success.

Smart payment terminal defined.

Smart terminals have augmented capabilities. They include the ability to take payments as well as to streamline your entire suite of business operations.

A smart terminal can revolutionize your business. 

Think of it as the more advanced descendant of the standard countertop credit card terminal. Ideal for securely taking multiple forms of payment, it is also adept at helping you run inventory management, report generation, and customer relationships while integrating seamlessly with third-party accounting packages and other software.

Enhancing payment acceptance.

Your smart terminal boosts your payment game through its design, which accommodates the  acceptance of expanding payment types, while increasing the security and efficiency of the buying experience.

Today’s customers want to be given a full range of payment choices that go beyond just cash, checks, and credit cards. Your smart terminal can be connected to a contactless credit card reader to provide customers with a fast, touchless buying experience at your physical store.

Behind the success of contactless readers is near-field communications innovations. This NFC payment technology enables customers to place their chip-enabled credit card, smartphone, or wearable device close to your contactless credit card reader in order to securely exchange payment details. Within seconds and with security intact, funds can be transferred from your customer to your merchant provider for eventual settlement and deposit into your account.

How to set up contactless payments on your smart terminal.

Harnessing the power of contactless payments involves configuring your smart terminal. Your merchant account provider can help.

Most modern smart payment terminals are capable of integrating with contactless card readers to take touchless payments. If you are new to the world of contactless and digital payments, you will first need to evaluate your current equipment. If your readers are not compatible with NFC, you will need to get an upgrade.

Speaking with your payment services provider is the first conversation that you should have. They can help you to obtain the hardware and software that you will need as well as furnish you with training and technical assistance along the way.

With the dawn of digital wallets and touch-free transactions, the payments landscape is evolving. Integrating a smart terminal and contactless reader into your business ecosystem will give you everything you need to offer enhanced options to your customers while simultaneously streamlining your internal operations.