Benefits of Contactless Payments

Benefits of Contactless Payments

Benefits of Contactless Payments for Contactless Cardholders:

 

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Using the contactless feature of your card, you don’t need to hand your card to another person to complete your payment. Therefore the possibility of forgetting or losing your card is minimized.
 

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Contactless payments eliminate the problem of carrying change needed for small payments; or accumulating coins from purchase change. They also create a faster and more secure shopping environment.

 

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When waiting in a queue, wouldn’t you want the people in front of you complete their payment transactions faster so that you would wait less in line and receive a faster service? Contactless payments are fast and reduce ques in busy cashier lines.

 

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Contactless payments generate greater customer satisfaction. Results of research on the use of contactless payment method have shown that consumers that use contactless payments prefer them over other payment methods.

 

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You can use your contactless cards not only for shopping, but also for transportation. You don’t need to buy a ticket or load a prepaid card to pay for certain transportation.  You can simply pay your transportation fee by holding your contactless card to the device on board of the transportation vehicle.

 

 

Benefits of Contactless Payments for Retailers and Store Representatives:

 
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If you want payment transactions to be completed faster in your store when your registers are busy, you should direct your customers to contactless payments.
 
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Your customers will be satisfied both for having a different payment experience and for completing their payments in a shorter period.
 
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If you have customers that prefer the shop next door seeing the queue at your store, you must try contactless payments.
 
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Also, don’t forget that contactless payments serve to reduce your cash management costs by lessening cash handling and associated costs such as miscounting of change, accepting counterfeit money, carrying cash to a safe and protecting it.