3 Payment Solutions the Consumers Prefer During Purchase!

‘Go Cardless’- It’s the new norm worldwide, and both the buyers and sellers prefer going with the flow! From restaurants to amusement parks, retail shops to dispensaries- every small business tries to offer the payment solution that most customers find convenient. It helps them attract more foot traffic to their shops.

Payment solution

Which Is the Best Payment Solution to Offer Customers?

Here, you can have detailed insights into payment solutions that customers mostly prefer these days after making purchases and figure out which one fits your business. Have a look:

Cash payment

Even if cash is no more king, a few buyers prefer this payment solution still, especially those who don’t get advanced technology of ATM transactions, debit cards, credit cards, or online banking. However, carrying cash or having it in the store has proven to be a risk of burglary. Also, with the outbreak of COVID-19, the exchange of cash will demise more as the years go.

Cash withdrawals using a debit

This one may be the most common payment solution that most stores, restaurants, and dispensaries follow for their customer’s convenience and to earn better revenue. Research shows when a business premise has more than 200 customers every day, having an ATM is profitable.

Besides, among the preferred payment solution, it ranks second. Over 31% of consumers access debit cards for cash withdrawal from ATMs than online banking and checks. And the reason is quite simple:

  • Ease of using- cash on hand just with a few clicks
  • Accepted payment form in any small or large business premises, from restaurants to the dispensary
  • Automation

Using credit cards

The preferences of credit card usage as a payment solution vary from one person to another. Yes, it grows across other payment options. Still, a generation gap is present there.

For instance, the age between 18 to 40 prefers debit cards for cash withdrawals while the adults spend on credit cards. After all, the young generations earn less and favor debit-based payment solutions more than credit cards. Besides, recent news shows that new credit card accounts fall by 61% for pandemic issues because younger customers fail to obtain credit cards.

Do You Need Any Help With ATM Installation?

Cash withdrawals using ATM are the best payment solution. If you need one on your business premise for your customer’s convenience and to increase revenue, count on Max Cash ATM Services. From no-cost ATM installation to maintenance- they can get you all covered. Head over to mcatm.com for further details now!

Location: Arizona, USA

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