With Apple Pay taking mobile payments mainstream, you may be wondering, as a small business owner, if you should start accepting mobile payments at your business. Sure, it’s an added convenience for your customers, but do the benefits outweigh the potential costs?
In an article on Business News Daily, Gregory Mann, chief marketing officer for mobile wallet LoopPay, said he thinks mobile payments will soon become a standard point of sale (POS) option.
“In [a small business], the decisions you make today affect you years from now,” Mann said in the article. “You have limited funds and watch every dollar. You have to decide when and where to make an investment.”
If you own a service-based business, accepting mobile payments through programs like Apple Pay may not make sense. However, if you own a brick-and-mortar shop – something like a boutique, coffee shop or bakery – mobile payment acceptance might become a portion of your business.
There are a variety of equipment options available at a variety of prices – all depending on your business needs. To figure out which is best, do your research and talk to companies, like North American Bancard, that can help set you up with a machine tailored to your business.
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