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Friday, 22 November 2024
How to accept card card payments: a step-by-step guide for small business owners
These days, card payments are an essential tool for any modern business. In fact, according to an exclusive takepayments survey, 1 in 3 consumers admit that they never carry cash on them. This shift towards an increasingly cashless society means businesses must adapt or risk turning away potential customers. Whether you're running a café, a retail shop, or an online store, offering customers the convenience of paying by card can make a big difference.
Thursday, 21 November 2024
How to accept online payments: a guide to taking payments on a website
Over the past decade, the way consumers spend their money has transformed dramatically. Online shopping, once a niche market, has grown into a multi-trillion-pound industry. Technological advancements and changing consumer preferences have propelled this shift, with more Brits than ever opting for the convenience and variety offered by over 500,000 ecommerce websites in the UK.
Friday, 01 November 2024
How to process returns in-store: best practice for managing product refunds
As a small business in the retail industry, no doubt you’re au fait with the ins and outs of accepting payments; it’s the backbone of trading, after all. But when it comes to refunds and returns, not everyone is as clued up despite the fact they’re a by-product of working in sales. With nearly one in ten (9%) of all products purchased in brick-and-mortar stores being returned, businesses need to have an efficient product refund system in place to make the exchange as streamlined as possible for all parties. As well as this, 62% of shoppers said they were more likely to shop online if they could return items in-store. This shows just how important in-store refunds are to customers and how much of an impact they can have on eCommerce overall.
Wednesday, 11 September 2024
Is it time to update your payment system? Signs your POS system is out of date
One of the most important elements of running a successful business is the ability to process payments quickly and efficiently. Needless to say, when your card machines are down or acting slow, not only could this mean that your customers have to wait, but it could end up costing you potential sales. Thankfully, it's usually a quick fix by updating the software or upgrading to a newer point-of-sale (POS) model – but when is the best time to make these changes to your system?
Thursday, 25 April 2024
What is card payment security: 8 ways to protect your customers
UK Finance’s Half Year Fraud Update for 2023 revealed that £258.9 million had been lost to card fraud in the first half of 2023. And it’s not just shoppers who are being duped out of their hard-earned cash. Juniper Research predicted that eCommerce businesses lost up to $48 billion due to online payment fraud in 2023.
Monday, 11 March 2024
Which is the best card payment machine for my business?
Gone are the days when you had to be glued to your till to take card payments. The landscape’s constantly evolving, and with that comes more and more choice. So, if you’re a merchant looking to upgrade your existing terminal for something faster and more efficient, knowing which is the right fit can be overwhelming.
Friday, 22 December 2023
What is an acquirer? A guide to merchant acquirers for small businesses
Did you know that over 65 million debit card transactions are made each day in the UK? Whether it’s a quick contactless tap on public transport or an online purchase from an e-commerce retailer, an acquirer plays a role in every single one of those transactions. But what is an acquirer and how are they involved in card payments?
Thursday, 21 December 2023
9 bank cards explained: What are credit, debit, virtual cards and more
Bank cards are a staple in wallets all over the world. From a restaurant owner eyeing a speedy transaction solution to an online startup seeking a secure payment method, the choices are vast and varied. Lost your card? No worries, a virtual card has got your back. Managing business expenses? A corporate card might just be your new best friend. However, with such a wide range of choices, knowing the differences and understanding which option best suits your needs can be challenging.
Thursday, 09 November 2023
What are biometric payments — and do they really make transactions more secure?
In recent years, we've witnessed an incredible evolution in the world of payment methods. Card payments have become increasingly seamless, from the widespread adoption of contactless payments to the convenience of using smart wearable devices for transactions. But what lies ahead in the realm of payment technology? Today, we're delving into biometric payments, a cutting-edge approach that could redefine how we make card payments.
