Small business owners need to ditch their EFTPOS machines and start using QR codes if they want to stay competitive in today’s market. Here’s why…
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Mobile Point of Sale (mPOS) systems are revolutionising the way businesses handle transactions, offering flexibility and convenience by turning smartphones and tablets into fully functional sales terminals. This technology is useful to anyone who regularly accepts or processes payments, so read along if that sounds like you. But first, what does a POS system do?
Put simply, POS stands for Point of Sale. A POS system is the hardware and software that allows businesses to manage sales transactions and accept various payment methods. It has a credit card reader to accept payments so both businesses and customers can go through the checkout process efficiently when making purchases in store. POS systems come in all shapes and sizes, so in this blog we'll explain all there is to know about mobile point-of-sale (mPOS) systems to help you streamline your payment process.
The benefits of using QR codes for small business owners
QR codes have become increasingly popular in recent years, and their popularity is only set to continue to grow. For small business owners, QR codes offer several benefits. QR codes can be used to accept payments instead of an eftpos machine, meaning that you no longer need to rely on clunky hardware that often costs up to $45 per month. QR codes can also be used to provide customers with information about your products or services. When scanning a QR code, customers can be directed to your website, social media page, or even a specific landing page on your website. QR codes are an easy and efficient way to provide customers with the information they need, and they are a great way to promote your business.
Get in contact with Pebl and start accepting QR code payments for your business in as little as 5 minutes!
How QR codes can help increase sales and revenue
QR codes can be an effective way to increase sales and revenue for any business. Using QR codes, businesses can provide customers with quick and easy access to their products and services. QR codes can also be used to track customer behaviour and preferences, allowing businesses to tailor their marketing efforts accordingly. In addition, QR codes can also be used to accept payments, whilst offering post-transaction services such as email receipts, loyalty programs or links to publishing a business Google review. Ultimately, QR codes offer a versatile tool that any business can use to increase sales and revenue.
Why EFTPOS machines are no longer adequate for small businesses.
QR codes have become increasingly popular in recent years, as they offer a convenient way for customers to make payments without having to carry cash or cards. However, most EFTPOS machines are not equipped to compete with QR code payments. QR code payments are often faster and more secure than traditional card payments, so businesses that do not accept QR code payments may be at a competitive disadvantage.
EFTPOS machines often cost businesses monthly fees and set-up costs, which can be expensive for a small business. They also take a long time (by today's standards) to get signed up, delivered and set up to accept payments - often requiring help from the businesses bank or EFTPOS machine provider.
Additionally, EFTPOS machine's features typically stop at payments, offering no pre-transaction or post-transaction experience to the customer, such as emailed receipts, split payments, Google reviews & loyalty programs. All of these can be crucial to a small business's success.
As QR code usage continues to grow, it is clear that EFTPOS machines are no longer adequate for small businesses. If you own a small business, you should consider working with a QR code payments provider such as Pebl, so that you can accept QR code payments from your customers using existing mobile devices, such as a smartphone or tablet. Businesses will then be able to accept all major payment types including Apple Pay and Google Pay from the palm of their hand, along with all other benefits previously outlined in the article.
What are the Advantages of a Mobile POS System?
Here’s some key advantages of a mobile POS system. For more points, read our article on the 7 key benefits of mPOS devices.
- Mobility and Flexibility: Unlike traditional countertop POS systems, an mPOS system is portable, allowing businesses to move the terminal to wherever the customer is, enhancing the customer experience by reducing wait times and enabling more personalised interactions.
- Ideal for Businesses without Permanent Locations: The portability of mobile POS systems makes them perfect for pop-up shops, food trucks, and vendors at fairs or markets. Even service-based businesses like home repair or cleaning services can process transactions on-site without the need for complex setups
- Supports Multiple Payment Methods: Mobile POS devices can handle various payment options, such as contactless credit or debit cards, mobile wallets like Apple Pay and Google Pay, and even QR code payments, providing customers with better service and convenience.
- Industry-Specific Features: Some mPOS solutions are tailored to the needs of the food and beverage industry, allowing orders to be sent directly from servers to kitchens or enabling customers to place their own orders at the table.
- Lower Investment Costs: Compared to full-size POS terminals, mPOS systems require a lower initial investment, making them an affordable option for small businesses with limited budgets looking to quickly start taking payments.
- Enhanced Security: Mobile POS systems are designed with secure payment processing in mind. They handle the entire transaction within the mPOS terminal, ensuring no sensitive data is stored elsewhere, which enhances security and reduces risks for small businesses.
How to accept payments for your business using QR codes
With the recent outbreak of COVID-19, businesses have had to find new ways to accept payments that minimize contact. One option that has become popular is QR code payments. QR codes are easy to generate and can be scanned by customers using their smartphones. To accept QR code payments, all you will need is a QR code payment provider (e.g. Pebl) and a smartphone or tablet.
You can download Pebl from your app store, sign-up and accept your first payment in as little as five minutes.
Once you have set up your business with Pebl, you can generate a QR code for each payment you need to accept. Customers can then scan the QR code with their smartphone and make the payment using their preferred payment method. QR code payments are a quick and convenient way to accept payments without needing to handle cash or cards.
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