Why Your Business Needs Android & Apple Pay
Consumers have their mobile phones with them when they wake up and when they go to sleep. They carry them everywhere and are operating them anywhere from 10 to 15 hours per day. Now, some people are even using them as a mobile wallet to replace their traditional one. With Android & Apple pay, they can pay for goods and services by simply holding their phone up to the credit card terminal. In some markets in Asia and Europe, hundreds of billions of dollars per year of transactions are already occurring in this way. It is only a matter of time before US consumers adopt this as a primary payment method.
In particular, more and more people are using Android and Apple Pay to make payments when they are on the go. Whether it is to buy a movie ticket, a soda, a bar of candy or an item of clothing, using mobile payment is a realistic option. Consumers simply hold their cell phone up to the terminal and the transaction is made seamlessly. It could not be easier.
As the benefits and convenience improve, more people will choose this option, which will lead to more and more retailers accepting it in their stores. Consumers will begin to go out without their wallets and only use mobile phones for payments. That will leave any retailers without this option behind in the cold.
Best of all, the service fees for Android and Apple Pay are less than American Express and often less than Visa or Mastercard.
Premier Business Advantage is a leading payment services firm. For more information, please contact us.