Faster queue & transaction time
Customers paying on a contactless reader can complete transactions quickly, as they don’t have to spend time counting money. It allows for a reduction in queue times.
Fewer abandoned sales
Contactless card readers receive fewer abandoned sales. The convenience of contactless allows customers to pay without requiring the exact change on hand.
Reduce cash handling
Reducing change in the till results in a lower risk of theft and loss due to mistakes.
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Contactless card payments can be completed within 15 seconds or less and work twice as fast as other payment methods.
If your card was stolen or lost, you can freeze the account or contact your bank, which will disregard and amend fraudulent payments.
The NFC technology within contactless readers can interact with phones and connected accessories such as watches or rings.
Overall enhanced customer experience
With faster, more secure, and effortless transactions, shops can see an increase in sales output and a reduction in abandoned sales as the average transaction value increases when the amount of cash the customer carries is limited.
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Business / Operator
Secure transactions and fewer fraud losses
With contactless payments, the card or device never leaves the customer’s hand, making it more secure. In addition, the chip technology used in contactless payments is faster than many other forms of compensation.
Less physical interaction and spread of bacteria
In the current environment of social distancing amid the COVID-19 pandemic, limiting physical interaction and trying to prevent the spread of bacteria is of utmost importance. Using the contactless payment method, you don’t have to handle a customer’s card or accept cash they have touched.
Efficiency in operations and processing
Contactless payments are faster than both cash and card transactions. You don’t have to wait while customers dig through their wallets trying to find their debit card or wait for them to enter their PIN.
Streamlined payment system and processes
A streamlined payment system eliminates the number of steps it takes to process a transaction. Faster transaction times allow you to operate more efficiently and dedicate more attention to other vital aspects of your business.