So, you’ve decided to go high-tech for the payment options 💳 in your physical store. What should you consider when choosing the right payment terminal for your business? Cost Choose a payment solution or package within your business’ budget while considering the long-term costs such as the subscription renewal rate. Features Pick the features that line up with your business operations model that promotes sustainable growth, forgoing any unnecessary features that may be added costs. Transaction rate Understand the cost of merchant discount rates (MDR) applied to different payment methods by different payment providers as this may affect net profits. Integration Ease of integration with existing point-of-sale (POS) systems is also crucial for minimising operational downtime, thereby maximising profitability. Security Ensuring secure payments with globally-recognised certifications is vital in building trust with your customers to guarantee they go through with their payment. Looking for a solution that meets all these requirements and more? Check out our senangTerminal payment terminal solution for a package that helps you achieve your business goals! Learn more here: https://lnkd.in/g5x59caW #senangPay #paymentgateway #paymentterminal #fintech
