5 Benefits of Implementing Digital Payment in Business

Most businesses generally consider transaction activities as just a part of consumer payments. However, with the development of today’s technology, digital payments or electronic digital payments are able to provide opportunities for growth for business people, so it is more than just a transaction point.

As technical developments continue to be made, electronic payments continue to change. One of them is that we can now make payments using QRIS codes.

Electronic payments or digital payments are able to offer security, convenience, and speed in terms of making transactions. However, some business people still do not accept electronic payments. Even though there are many advantages and benefits that can be obtained by implementing digital payments.

Benefits of Implementing Digital Payment

1. Instant Payment

When compared to traditional payment methods such as cash or checks, the payment process with digital payments is much faster. In it, there are no time and location restrictions in making online payments. Every consumer can make payments anytime and from anywhere.

2. Better Security

Electronic payment systems are able to offer a variety of ways to improve the security system in transactions. For example, if there are outlets or merchants that are able to accept payments using QRIS, then consumers no longer need to use their credit cards to make transactions.

Consumers only need to scan the code using their smartphone devices and the transaction activity can be completed. In addition, the security of information related to consumer bank data will also be kept safe.

In addition to being safer

digital payments are also able to offer extra security for business people. This is different from cash stored in the cashier’s drawer. The cashier only needs to document the receipt of each transaction using digital payments.

The risk of loss or theft at the cashier’s desk will also decrease. Every transaction activity data will also be recorded accurately and automatically on the POS application, you can check its conformity using the receipt.

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3. Increase Customer Satisfaction

With many payment options, consumers will be more free and comfortable in making transactions. They can freely choose the payment method that is considered the safest and most profitable. As we all know, there are currently many digital payment systems that offer certain prices.

This method is indirectly able to increase customer satisfaction. In addition, you are also in the process of building a loyal customer base without you realizing it.

4. Save Processing Costs and Be More Transparent

If you are interested in providing a particular payment service, you only need to work with the bank to install an EDC machine. However, there are some costs that you must pay related to using an EDC machine.

The nominal cost depends

On the policy of each bank. You will likely be charged an installation fee at the beginning and will be charged an admin fee per transaction activity. When calculated as a whole, the total processing cost that must be borne by the company america cell phone number details will be quite large.

But if you use a digital payment system with a special service provider, such as e-money, then the processing costs will tend to be cheaper.

Then, every digital payment transaction data also tends to be more transparent. As we all understand, transparency is something that is very important. You can continue to get this if you use digital payment.

5. Minimal Contact

In the current Covid-19 pandemic situation, many people are looking for ways to minimize contact with anyone. The goal is to prevent yourself from phone number mx being infected with the Covid-19 virus.

For that, minimal contact transaction activities will be very necessary. By providing minimal contact payment methods, you can guarantee the safety and comfort of every consumer.

Well, the way is to provide QR Codes that can be scanned using the consumer’s smartphone device. So, the payment process can be completed without any contact at all between the consumer and the staff.

Conclusion

As we all know, the use of cash in carrying out various payment activities has begun to be abandoned slowly, especially since digital payments have become an important and integrated part of the market.

That means, every MSME must start using payment methods if their business wants to survive. Currently, electronic payment systems not only function as a transaction medium, but are also considered an important value for consumers.

In addition, digital payment also saves more time and costs. Not to mention you can also feel increased security. Transaction activities can also be done quickly, and all other benefits because of implementing the digital payment method.

Well, there are currently many point of sales (POS) software that can facilitate digital payments, one of which is Accurate POS. With this application, all payments, whether cash or digital, will be automatically recorded in your financial report.

Why? Because Accurate POS is integrated with the Accurate Online ecosystem, simply by subscribing to Accurate Online, you can use Accurate POS for free for one database per outlet.

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