13246_CAI_Feedback_Mar2018_COMPLETE_v1

M e m b e r s h i p B e n e f i t s In the past, there were only three ways to take payments from customers if you had a mobile business – cash, cheque or invoice. The latter two methods didn’t always guarantee immediate payment, and therefore many business owners spent most of their time chasing payment weeks after the service had been completed. Times are moving on and so have the expectations of your customers. Nowadays, one in seven customers do not bother to carry cash around with them and that proportion is only going to increase over the coming years. If your business does not already accept card payments, it might be worth the time and effort in doing some research on card machines. Research has shown that customers who use credit or debit cards tend to spend 12% more per transaction. What are the benefits of mobile terminals? Guaranteed payment If you come from a world of sending invoices and waiting for payments, then a mobile payments terminal could totally change the way you do business. You’ll be able to accept payments from customers there and then and the money could be in your account within a matter of days. Save time chasing invoices This will save you from wasting time issuing and chasing invoices from customers and mean that you’re free to get on with doing whatever it is that makes you money. The waiting times for card payments are also significantly lower than for cheques. The payment is completed instantly, so there’s no waiting around worrying that the cheque might bounce and you’ll have to have awkward conversations with the customer about payments. Offer customers flexibility in payment choice It also means that you’ll be able to offer your customers the flexibility of paying for the cost of your service on their credit card if they don’t have the funds immediately available. This should increase the number of transactions you are able to make, as well as increasing the value of each individual transaction. If your business is unable to accept cards while you’re on the move, then you’re putting off potential customers and missing out on all of these benefits. Introducing mobile payment terminals could make a huge difference to your bottom line in 2018. Card payments benefits with your CAI membership The CAI have partnered with Chip & PIN Solutions to provide members with discounted card payment rates. You will also receive £50 towards your CAI membership renewal if you sign up with Chip & PIN Solutions. To find out further details, call 0800 881 8104 or visit www.chipandpinsolutions.com Discou Discounte 5 Star UK I Quick Setu Increase C Customer Money In FREE Start In partnership wi Mobile payments for businesses on the move Simon George, Head of Marketing, Chip and Pin 24 CAI Feedback Spring 2018