Increased Revenue:
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Credit card customers spend significantly more than cash customers.
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Encourages impulse buying
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Enables cash-restricted customers to make purchases.
Faster Transacti on Speed:
Online, Real-Time Reporting:
Fixed Location Flexibility:
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Mobile Payment Acceptance:
Low-Cost, Quick Installation:
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No need to wait for phone line installation
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Terminals can be activated in minutes.
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No expense of installing a phone line.
Reduced Monthly Carrying Charges:
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Lower interchange rate (for mobile merchants).
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Lower transaction fees (for mobile merchants).
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Lower communication fees.
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No monthly phone line costs.
Greater Security:
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Reduces the amount of cash that staff handles.
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Lowers risk of charge-backs form customer-disputed transactions.
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Customers reel safer because they keep control of their cards.
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