Small businesses are the backbone of the Malaysian economy. Just go to a local pop-up near you and you’ll see many talented bakers, artists, florists, and more.
If you’re one of them, you’ll know that small business owners hustle hard – collaborating with other businesses, creating an online store, and opening pop-ups on weekends. In the ever-changing business landscape, it's essential to adapt and stay competitive.
Whether you’re just starting out or have already been in the scene for a few years, you’re bound to face a few hurdles. One of these hurdles would be customers not having any cash. Why isn’t anyone carrying cash these days? After all, Point Of Sale (POS) systems aren’t exactly affordable.
One way to overcome this is by implementing Tap-On-Phone as a payment method, where business owners can receive payments using only their smartphones with just a tap!
What is Tap-On-Phone?
This cutting-edge technology allows small businesses and individual merchants to accept card payments using their Android smartphones, most of which are already equipped with NFC technology. Customers can simply tap their debit or credit card on the phone to make payments.
Read on to find out five reasons why Tap-On-Phone may help your small business thrive and stay ahead of the curve.
1. Convenient
Tap-On-Phone allows customers to make payments without the need for cash. Transactions go directly to the business owner’s bank account. There is no need for a third-party service or e-wallet to receive payments. This also eliminates the need to carry cash – for both the merchant and the customer.
2. Fast
Tap-On-Phone transactions are processed quickly, which reduces wait times and improves the overall customer experience. No more fumbling around for your wallet or typing out your bank account number.
3. Cost-effective
Small business owners do not need to invest in an additional POS system to accept payments. Plus, they do not face monthly terminal maintenance, additional telephone line and call charges, hence saving business costs.
4. Environmentally friendly
If you’re a business focusing on all things sustainable, going cashless allows you to go paperless as well. No receipts need to be printed for transactions because they are all recorded in both your smartphone and your customers' smartphones. Nevertheless, merchants can still provide printed receipts upon request.
5. Secure payment method
Customers and merchants will have a secure experience as Tap-On-Phone has end-to-end encrypted security during transactions which protects customers’ data.
Make the switch today
Are you interested to join the cashless revolution? All you need is an NFC-enabled Android smartphone. Going cashless has never been easier! Learn more about Tap-On-Phone at https://www.paywithdebit.com.my/tap-on-phone.