Three Digital Payment Options for Teddington Businesses to Explore
Our local area is home to a host of fantastic attractions and we have written elsewhere on how Hampton Court Palace surely has to be regarded as one of the very best.
However, while the location is of course steeped in history, it has actually taken steps towards showing its more modern and innovative side in recent weeks.
Going cashless
At the end of June, Surrey Live revealed how the attraction had taken the step of introducing contactless till points and payments – a move which perhaps reflects wider trends that have emerged across the UK in recent years.
Such issues were put in the spotlight by the Lost in Transaction study issued in May by Paysafe, which found that 54 percent of consumers in the UK had chosen to make use of new forms of payment in recent months. Many respondents revealed they were happier with contactless technology these days, while more than one in ten also confirmed they had used digital wallets for the first time as well. Intriguingly, it added that just 28 percent of Brits are currently using cash to make payments.
The study clearly highlights how many people are seemingly shunning cards and cash and actively embracing new forms of payment. However, if you’re a local business that has only just started to explore the area, you may not be sure about which new methods you should consider. With that in mind, we have pulled together three suggestions for you to examine.
1. PayPal
The chances are that you will already be aware of this name, as it has been around for some time. It has a massive user base as well, as the company confirmed at the end of January that its total number of active accounts actually stood at a huge 305 million.
This may well be one to consider if you sell products or services online and you would be joining a host of major brands by taking the step. The PayPal site reveals how leading retailers including Argos, Boots, and Next have embraced it in recent years.
2. Skrill
Skrill is another money transfer platform that has been embraced by many different brands and could be useful if you’re selling through a web-based portal.
An official sponsor of AC Milan, the brand’s site outlines how it allows people to make payments across hundreds of websites, while it also notably has a strong presence in the online casino space. VegasSlots explains how it has become a key payment method on many gambling sites alongside the likes of PayPal, prepaid vouchers and, in some cases, cryptocurrencies. As such, Skrill offers a little more flexibility in this regard compared to its competitors.
3. Apple Pay
Apple outlines on its site how its digital payment solution can be used to perform contactless transactions beyond the £45 limit, with purchases being possible through both Face ID and Touch ID.
It adds that numerous businesses support its service too, with food brands like Costa, Pret, and McDonald’s embracing it alongside retailers such as M&S, New Look, and Superdrug. With that in mind, it may well be a payment method that you could benefit hugely from accepting.
Taking a new approach
The world of payments appears to be going through some massive changes at the moment and it is clear that many major brands and big attractions are keeping themselves up-to-date and adopting new approaches in fintech to tackle the issue.
With this in mind, smaller businesses should also not shy away from examining the area, as offering the right options could bring a new level of convenience that not only retains existing customers but attracts new ones as well.
