In our latest blog we are looking at contactless payment options and how they are making life a lot easier for small businesses, and of course the consumer. Read more about the innovations in contactless payment options below.
Small businesses, kiosks and other temporary spots where you can make quick easy purchases are popping up all over the country. Whether it’s for an organic vegetable co-op or an outdoor beer tap with BBQ, the summer means that portable easy payments are somewhat of a must.
This is where small contactless payments devices are really starting to come into their own. For this absolute beginner’s guide we’ll introduce these machines, explain how they work, what they work with, explain how secure they are, and what some of the choices are on the market.
Contactless payments are secure, quick, and electronically conducted, and using rechargeable devices such as iZettle, Sumup or Square together with an ipad means you can pretty much take your business and payments with you on the move.
What Is The Right Type Of Contactless Payment Device For You?
There are many devices apart from the three listed above on the market, but for those new to the technology, a bit of research on those devices in particular will have you understanding what kind of products are available.
Usually, the devices you can purchase are rechargeable, small and portable. They interface via an app to an Apple or Android device, can hold hours of power and be used in place of a traditional till. This means your stall, pop up business or other small business, can benefit from having a much less formal setup.
These devices can cost from as low as £80 but can vary in price up into the low hundreds for more professional-grade kit. Typically cheaper models are much more like contemporary consumer devices as opposed to being more complicated or robustly built.
The payoff is having a portable terminal which can be moved around wirelessly for quick transactions, that looks tech-savvy, smart and accepts input from phones and debit cards wirelessly without the need for chip and pin. Contactless has been around for a while in the UK already, and a lot, if not most current issue bank cards can be equipped with the feature.
For more information on contactless payments, and even some tips on operating devices of this type that might help if you decide to try the technology for yourself, check out this release-issue document from the UK Cards Association.