takepayments blog.
Tuesday, 18 July 2023
How do card readers work and what benefits do they have for business owners?
In today's landscape, which values convenience, accepting card payments has become a necessity for businesses. In fact, the shift towards card payments has been huge, with UK Finance's Payment Markets Report for 2021 revealing that debit and credit card transactions accounted for 48% of all payments in the UK, surpassing cash payments by a significant margin (15%).
Tuesday, 11 July 2023
What is Buy Now, Pay Later? How it works for small businesses
As a small business, upgrading or expanding your payment options is a no-brainer. Giving your customers more ways to pay not only makes your business more accessible, but offering multiple ways to pay can increase revenue by nearly 30%. We all know what the benefits of card are, so let’s look at another payment method that’s been taking the world by storm: Buy Now, Pay Later (BNPL).
Monday, 10 July 2023
What are Contactless Payments and How Do They Work?
Contactless payments are well and truly on the up. It’s no surprise – they’re literally a one-tap wonder! We’ve even got the stats to back it up. Our data shows that contactless transactions increased by 25% from 2021/22 vs 2022/23*. We also uncovered that 9 out of 10 transactions on our card machines and point of sale (POS) systems were contactless payments.
Tuesday, 06 June 2023
What is an EPOS: 11 ways they can benefit your business
We’re all familiar with the old-school tills of yesteryear: that memorable ‘ding’ when the cash register opened, the shop assistant manually inputting the price of each item sold, and some of you might even remember a time when tills were cash only. Flash forward to the present day and such a system can seem pretty prehistoric thanks to the introduction of point-of-sale (POS) till systems. And now, electronic point of sale (EPOS) systems have revolutionised payments further, making them quicker, simpler, and safer than ever before.
Tuesday, 06 June 2023
What is a PDQ Machine?
If you want to take card payments in your business, you’ll need a PDQ machine. But what exactly is a PDQ machine?
Thursday, 25 May 2023
Chip and PIN machines: How they work and the benefits they can have on businesses
Whether you’re running a business online or have a physical brick-and-mortar store, there’s no doubt that the Chip and PIN system keeps your business and your customers safe when making transactions. In the past, businesses had to process payments with bulky machines, which alienated small businesses and pop-up retailers from accepting card payments. Now, you’d struggle to find a company that doesn’t use a Chip and PIN device to process their card payments.
Thursday, 25 May 2023
A complete guide to 3D secure authentication.
If you’re operating an eCommerce website, having a secure online payment gateway is fundamental to keeping business flowing. That’s where 3D secure authentication comes in. As well as protecting your customers’ card data when they make a purchase, it can help to reduce the risk of online fraud and gives potential shoppers the confidence they need to know your storefront is legitimate.
Thursday, 25 May 2023
6 Benefits of Going Cashless: The Rise of Card Payments
Cash has been the backbone of local businesses for decades, but in today’s society, that’s changing. Consumers are making the move to card payments at a rapid rate: UK Finance’s Payment Markets Report for 2021 found that debit and credit card transactions made up the majority of all payments in the UK, rising to 57%, while cash payments fell by 1.7%. As digital payments are our speciality, let’s dive deeper into the current state of card transactions and what it might mean for the future of cash…
Wednesday, 12 April 2023
6 tips on how to create an email newsletter people want to open
Sending out a regular email newsletter is a great way to keep in touch with your customers and remind them what your business has to offer. However, if you want people to actually open and read your newsletters, you need to put some thought into the structure, content, timing, and a lot more. In this article, we'll outline how small businesses can create email newsletters that people will actually look forward to receiving, discuss the benefits of launching one in the first place, and detail the steps to take to ensure your newsletter is as successful as it can be. So, let's get started. If you're anything like me, half of all email marketing you receive will either head straight to the trash or be 'saved' for a later time that, deep down, you know will never come.