According to Visa's Untapped report, 66% of small businesses in Spain accept digital payments.
Do you want to boost the digitalisation of your business? Find out what digital payments are, what types exist and how to implement them.
We live in an increasingly digitalised environment due to changes in consumer habits that have driven companies to innovate and adapt. Technology has become democratised and anyone can now have a mobile phone, a computer and an internet connection. This has also influenced the way we pay, so the use of digital payments has become more widespread.
If you already have a djibouti email list business and want to digitize it, you can start with the different payment methods .
Start of marked textTWEET IT! Digital payments are no longer a novelty. They are a reality. Discover all their advantages!End of marked text
1)What are digital payments?
Digital payments are the methods used to receive payment for a product or service in a physical or digital business, thereby avoiding the use of cash. Digital payments include various methods such as the following:
One of the main objections of users when using digital payments is the need for security. However, all those involved in digital payments benefit from various advantages such as the following:
Cost savings , since fewer resources are used.
Increased customer satisfaction as payment processes are faster.
Transaction security , as authentication and encryption methods are used to promote trust and prevent fraud.
Boosting control of purchasing processes . It is easy to track any transaction and transparency is provided.
Offer a variety of payment methods to suit each client.
Increase the range of customers that the business reaches.
Increase in sales , as a result of reaching more customers.
Credit and debit cards . Many of the credit and debit cards used today incorporate NFC technology that allows you to pay without the card touching the POS terminal, which is known as contactless payment .
Mobile payments . There is also the possibility of using a virtual card through a mobile application from the bank or another company. To be able to use this payment method, you must be a user of a bank's online banking and have NFC technology. Another option that is used through mobile is payment by Bizum. In this case, you just need to enter a mobile phone number and authorize the payment.
Payment with a QR code . In this case, you only need to open the mobile application of a bank and scan a QR code provided by the store where you want to pay.
4) How to adapt your business to digital payments?
If you want to boost the digitalization of your business, you can take the following steps to implement digital payments:
Open a bank account . Although it may seem obvious, the first thing your business needs to do is to have a bank account where you can centralize the payments your customers make digitally for your products and services.
Get a device to make digital payments . This can be a digital point of sale ( POS ) terminal or a mobile app that allows this type of payment. If you have an e-commerce store, you will need to link the store to the digital payment methods you have established.
Provide information about available payment methods. It is important that your customers know how they will be able to pay for your products or services, so that they know that there are several options and use the one that best suits their case.
Control incoming payments. Through your bank, you can control incoming payments and verify all transactions.
The digitalisation of a business, regardless of its size, allows it to grow and adapt to new consumer habits. Although digitalising a company has many aspects, the most important thing is to meet one objective: customer satisfaction. In this sense, digital payments meet the need for speed and security that buyers require.
