takepayments blog.
Thursday, 31 August 2023
How to take card payments in a hairdressers
Card payments are on the up and cash payments are slowing down. In fact, it’s predicted that by 2028, cash will make up as little as 9% of all payments - compared to the 60% it accounted for 20 years ago. So, what does that mean for your hairdressing business? It means you’ve got to move with the times if you want to keep your customers in your chair over your competitors.
Wednesday, 30 August 2023
10 common scams to watch out for and how to prevent them
Card payment methods like contactless and Apple Pay have overtaken cash as consumers’ preferred method of payment, proving the convenience and efficiency of electronic payments. But, as the digital world expands, so do the tactics of those looking to exploit it.
Thursday, 10 August 2023
How to take card payments in a taxi
Let's be honest: turning down a fare is every taxi driver's worst nightmare. So when 1 in 3 people today admit to never carrying cash, why are so many cabs sticking rigidly to a cash-only policy? As more merchants embrace card technology and taxi-app services grow ever-popular, the industry is starting to look a bit different for cash-only cabs. So, how do you stay competitive in today’s digital-focused world if you run a taxi business?
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%).
Monday, 17 July 2023
A guide to payment methods: how to choose the right one for your business
These days, the world really is your oyster when it comes to paying for anything and everything. In a rush? Tap your contactless card and go. Forgot your card? Pay with your digital wallet! But, with so many choices, your head might be getting in a spin when it comes to understanding all of the latest technologies and options.
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.
Friday, 30 June 2023
What is payment on account? Everything you need to know
As more and more people seek to become self-employed, payments on accounts are becoming the norm for many. But, if you’re a small business owner submitting a Self Assessment tax return, knowing where to begin can be confusing if your business is only just finding its feet.
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.