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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.
Wednesday, 26 April 2023
3 card payment security types: how small business can secure their payment methods
In 2020, research from UK Finance shows that the total amount of cash payments made in the UK fell by 35% while contactless transactions went up by 12%. With this increase, scammers are increasingly targeting digital payments. In fact, Juniper Research reported a 16% growth in eCommerce fraud losses in 2022, with the global total cost to merchants at over $41 billion.
Tuesday, 18 April 2023
How to take payments safely over the phone
Taking card payments over the phone is a great way to scale your business, connect with customers near and far, and speed up billing cycles. That said, we understand that you don’t want to do anything that could infringe on yours or your customers’ financial safety — especially when the UK was named as having the ‘highest rates of phone spam and fraud’ in Europe.
Wednesday, 01 March 2023
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 byproduct 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.
Friday, 29 April 2022
How does a credit card machine work?
Spending on plastic is at an all-time high with card payments overtaking cash in the UK, so there’s no doubt having the facility to accept card payments is a no-brainer for businesses. In this blog, we'll look at what a credit card machine is, how they work and how we can help. Let’s start by stripping it right back to basics. Sometimes called a Chip & PIN or card reader, a credit card machine is exactly what it says on the tin. It’s a machine that allows you to take payment via credit card.
Wednesday, 29 December 2021
Small business payment methods
For small businesses, offering the right payment methods is what could turn window shoppers into paying customers, and that’s the aim of the game, right? In fact, as many as 87% of consumers would reportedly abandon a purchase if they thought the checkout process wasn’t up to scratch, so nailing yours is an absolute must.
Monday, 18 October 2021
What are all of the different payment methods?
These days, the world really is your oyster when it comes to paying for anything and everything. But, with so much choice, your head might be getting in a spin when it comes to what’s what, so we’ve taken the hassle out of the mix and put together a guide to the top nine payment methods on offer. There are three main types of debit cards:
Thursday, 30 September 2021
Get started with a loyalty programme with eposmove
If you’re an avid reader of the takepayments blog (if not, where have you been?) you’ll know we harp on a lot about the value of customer loyalty and the importance of building it. That being said, customer loyalty is not something you can pluck out of thin air or develop overnight, it requires effort on your behalf but trust us, it’s well worth it.
