Anybody who has ever worked at a checkout point has probably been asked at some point whether or not the store that they work for offers a different payment option to the usual ones. Perhaps as a customer, you use a certain method of payment that many stores do not yet accept. When running a business, offering your customers a range of different options when it comes to paying for their goods and services is important. As some customers will prefer to pay in specific ways, offering a variety is key to customer satisfaction and earning a good reputation for your business. We’ve listed some of the main payment options that all businesses should offer.

Credit Card

Today, it’s widely expected that businesses will offer the option to pay by credit card. Credit cards are quickly taking over cash as the main preferred method of payment, with many customers choosing them for their added convenience and ease of use. Allowing your customers to make payments by credit card is hugely important in today’s day and age, and failing to do so could even result in you losing your good reputation and even seeing customers going to competitors instead who are more ‘with the times’. Today, it’s important for customers that the businesses and brands which they shop with are modern and current. See http://mypaymentsavvy.com/ for more information.

PayPal

PayPal has long been one of the favourite secure ways to pay for goods and services online, and there are also a number of places where you can pay via PayPal in-store. Whether you have a bricks and mortar store or primarily earn a profit from e-commerce, offering PayPal is one of the best ways to ensure that you offer security to your customers when it comes to their financial details. Universally, PayPal is one of the most trusted secure payment methods, therefore using it for your business can help to develop and strengthen a good reputation amongst your customers.

Cash

Although online businesses can often get away without offering cash payments, those who run a bricks and mortar store or an in-person service should always accept cash as a way of payment. Although many customers are increasingly using their credit cards in favour of paying with dollar bills, there are still many people who prefer to make transactions in cash rather than leaving their financial details behind. On top of that, cash can often still be one of the most convenient ways of paying, therefore offering it is vital to your reputation.

Contactless Payments

Paying without having to swipe your card, sign, or even enter a secret PIN number is becoming a very real option thanks to contactless payments, which are becoming more and more popular in shops and stores in various locations. Offering contactless payments in your store can be a great way to help improve customer satisfaction, although it’s important to remember that not all customers may wish to use this method of payment, therefore offering PIN and swipe payment options is also important.

The payment options that your business offers can shape your reputation with your customers.