4 situations where Tap to Pay can generate extra revenue

You may have heard the term “Tap to Pay” or “SoftPOS.” This is an app that allows you to use your smartphone or tablet as a payment terminal. All you need is:

• A smartphone or tablet with an NFC reader
• An account to process your payments
• The app

The use of the app is very easy, which is why this payment method is rapidly growing in popularity among entrepreneurs. It can be used, for example, by hospitality entrepreneurs, taxi drivers, kiosk owners, market vendors, delivery services, and charities. If you have a business with multiple mobile points of sale, the app is also highly interesting.

In many situations, the app offers the ideal way to accept payments. Below we outline a few examples where this technology provides a perfect solution.

1. Your payment terminal temporarily doesn’t work

Exactly at the busiest moment in your store, your payment terminal stops working. Switching to cash? Fewer and fewer consumers carry cash and prefer to pay by card. How convenient would it be if you could use your phone as a backup system at that moment? While another colleague fixes the payment terminal, you can continue accepting payments via your mobile. This way, you don’t lose any sales.

2. Low number of transactions

Do you only have a few good sales moments each year, but not enough to justify purchasing a payment terminal? Then Tap to Pay is worth considering. It saves you the purchase costs of a new payment device.