Reason #8 'why all merchants need a new chip-NFC-ready terminal" (whether they think they do or not):
- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.Ah5Oh9uq.dpuf
Mobile Payments Will Triple in the US in 2016
Oct 26, 2015
Nearly one in five smartphone users will use mobile payments by next year
The number of people in the US using their phones to pay
for goods and services at the point of sale will continue to climb
steadily, with 2016 being a year of significant growth for the
technology. According to the latest proximity mobile payments forecast
from eMarketer,
the total value of mobile payment transactions in the US
will grow 210% in 2016.
eMarketer defines proximity mobile payments as point-of-sale
transactions that use mobile phones as a payment method, via tapping,
waving and similar functionality.
In 2015, mobile payments will total $8.71 billion in the US, with
users spending an average of nearly $376 annually using their mobile
phone as a payment method. By 2016, total mobile payment transactions
will reach $27.05 billion, with users spending an average of $721.47
annually. Total mobile payment sales will rise faster than average
spending per user in 2016 because of the growth in the number of overall
users of the technology.
“Several factors will drive substantial mobile payments growth in the
US. Mobile wallets like Apple Pay, Android Pay and Samsung Pay will
become a standard feature on new smartphones,” said eMarketer analyst
Bryan Yeager.
“Also, more merchants will adopt point-of-sale systems
that can accept mobile payments, and incentives like promotions and
loyalty programs will be integrated to attract new users.”
eMarketer expects there will be 23.2 million people in the US using
proximity mobile payments in 2015.
By 2016, that will grow 61.8% to 37.5
million.
Source: http://www.emarketer.com/Articles/Print.aspx?R=1013147
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Here are a few DW options for your merchant
-- which one should they be on? It all depends on their needs .... that's why we upload their processing statement to DW: so DW can tailor a plan for them:
Desktop Terminal
Business
types that are suitable for this type of program would be a clothing store,
auto repair shop, a doctor's office, a diner, etc. They are most often used
in retail shops and restaurants, when the merchant has the customers card
in hand, to process the credit card transaction. 70% or more of cards
processed by merchant are by physically swiping the credit card. more
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Desktop Terminal With Mobile Attachement
Used in
retail shops and restaurants when the merchant has the customers card in
hand, to process the transaction. Examples of businesses who would benefit
from both a desktop terminal and a mobile attachment would be limo
services, towing, pizza delivery, etc. 70% or more of cards are processed
by merchant physically swiping the credit card.
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Tablet System PayAnywhere
This system
is great for small mom and pop stores as well and non-complex retail and
restaurants. 70% or more cards are processed by merchant physically swiping
the credit card. more
Online Application (processing over
$5,000 monthly)
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Tablet System Clover Mini
Used in
retail and restaurants when a merchant processes face to face customer
sales. Examples of merchants that would be a great fit for the Clover Mini
would be, clothing stores, small Mom and Pop stores, small non-complex
restaurants, and anyone who wants a Tablet system with a built in printer,
that can also keep track of inventory. 70% or more cards are processed by
merchant physically swiping the credit card. more
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Computer Gateway With Megstrip
Computer
Gateway, also known as a Virtual Terminal, would be used when a merchant
wants to process via the computer. Examples of merchants who would process
this way would be a doctor's office, hair salon, lawyer's office, etc. 70%
or more cards are processed by merchant physically swiping the credit
card. more
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Clover Station
Merchants
who want the convenience of inventory management, reporting, and employee
clock in/out, will find Clover has specific apps for every merchant type.
Restaurants, retail stores, and resale shops, processing over $20,000
monthly, are a great fit for Clover. 70% or more cards are processed by
merchant physically swiping the credit card. more
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| RIGHT ON!! |
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Mobile Payments Will Triple in the US in 2016
Nearly one in five smartphone users will use mobile payments by next year
- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.Ah5Oh9uq.dpuf
Mobile Payments Will Triple in the US in 2016
Nearly one in five smartphone users will use mobile payments by next year
- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.Ah5Oh9uq.dpuf
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