Verizon Mobile Payments: A Crucial Tool for Small Businesses

MobilePaymentsiStock

MOBILE PAYMENT OPTIONS CAN BOOST REVENUE GROWTH


In 2016, mobile devices play an important role in the success of small businesses, allowing owners to operate more efficiently and cost-effectively in a growing competitive environment.

Mobile technology even impacts the bottom line, with the top 25 percent of small- to medium-size enterprises generating two times the revenue growth through mobile tech adoptions, according to Inc. Magazine.

As the retail world continues to grow in mobile, Verizon knows it is important for a business to boost profits and stay ahead of the competition.

If mobile payments are not an option for your business yet, consider the following three reasons you should add the selection for your customers:

Increase sales by allowing more than one payment option

As consumer behavior continues to change toward favoring mobile payments, consider the convenience factor for your customers. According to Sterling Payment Technologies, a top payment processing company, deploying additional options for consumers through mobile credit card processing contributed to a 15.3 percent increase in retail sales for luxury retail chain Nordstrom.

Enhance professional image and brand identity

Consumers take many different factors into account when choosing to do business with retailers, with one key factor being digital technology, according to a PwC report on how U.S. online shoppers are reshaping the retail experience. Adopting mobile payments and making it known among consumers can further elevate consumer opinion of your company and commitment to remaining on the cutting edge of digital innovation.

Offer faster service with speedy transactions over America’s most reliable network

Reliability is all about being there when your customers need you, and a better network helps speed application delivery, improves customer performance interactions and ultimately fuels greater business performance. By providing mobile payments via Verizon’s steadfast, reliable 4G network, customers can rest assured that they will be able to pay for their product in a quick, timely manner.

Mobile solutions will undoubtedly continue to be essential in how business owners connect with consumers. Verizon is eager to help businesses deliver the highest-quality customer service and enhanced technological options to work efficiently and increase profits.


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