Electronic payments: 5 advantages for Retail

The awareness of the benefits that can be derived from electronic payments is growing, both in Italy and internationally. Cashless payment, offers in fact important benefits for retailers and commercial businesses, which are increasingly entrusting to the digital world in order to improve the management of the store, the services and the customer experience. Below we see and analyze the 5 major benefits of electronic payments.

1. REDUCING CASH FLOW

A reduction in the cash flow therefore implies a reduction in costs due to cash handling (accounting, transport), but also the reduction of errors in the count.

2. INCREASING  SPEED PAYMENT

An electronic payment is on average faster than a traditional cash payment; this means creating in cash points higher productivity, which results into better customer service, greater economic revenue and even lower costs (as you can reduce open cash points).

3. INCREASING SECURITY

It is clear that cash-based payments are more likely to be stolen and malfeasance; while electronic payments, according to industry research, have a low frequency of theft and fraud.

4. RENDER THE RELATIONSHIP WITH THE CUSTOMER

The existence of a precise payment track makes the relationship with the end customer much clearer; This transparency improves customer experience and simplifies any refunds or changes in purchased products.

5. PROMOTING INNOVATION AND DIGITALIZATION

Electronic payments stimulate innovation and digitization, and consequently create new business models geared to meeting consumer needs: security, ease of use, speed of use, and financial awareness.

Bizeta is a strong supporter of innovation and since 1983 has been creating custom digital solutions for the retail world, developing comprehensive management strategies for the Fashion & Luxury.

Check out our website solutions VISION BeanStore Mobile POS  and VISION Loss Prevention: contact us for a personal consultation and revolutionizes your selling arrangement, preventing losses and lost revenue!

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