Boosting small businesses with Qippay
Compared to larger enterprises, credit card fees have a more significant impact on small businesses. It is difficult enough to compete with wealthier companies, let alone while getting hamstrung by high fees.
Since bigger businesses find it easier to cover merchant fees, it was challenging before for small businesses to make ends meet, let alone now. The number of local enterprises that grew in 2019 had halved by the end of 2020.
In the Covid-19 economic climate, it is getting harder and harder for small businesses to stay afloat. Small businesses are essential not just to support the livelihood of individuals but also to boost our country's economy. At Qippay, our top priority is to keep your business running even when the going gets tough financially.
Many small businesses operate without using credit card services because, when trade is good, it seems easier to make a profit than it would when facing transaction fees. However, we are living in economic times that simply do not accommodate cash-only payment methods.
The way forward is by facilitating online payment methods NZ.
The benefits of credit cards
The ability to make payments online makes a massive difference in the world of Covid-19. The use of digital technology increased significantly during lockdowns. Post-pandemic businesses are setting up more easily accessible payment options for their customers.
Consumers spend more via credit cards because the loss in money feels less tangible than cash payments. When you accept payments online, all your customers will see is a number, thereby spending 15% more on average. The extra cost presented by our Qip payment gateways balances with the more liberal spending habits of credit card users.
Your customers are far more likely to pay via credit card than cash, even if the service costs a little more, because of how easy they are to use. With credit cards, consumers now can make purchases online, never having to leave their home, look for cash to pay with, or bother with bank transfers.
Use Qippay so your business can thrive
When you broaden your payment options to accept credit cards in person and online, you will attract more customers than ever.
Your customers will happily go with the slight extra charge when using Qippay Accept when they can use more effortless payment options. They no longer have to worry about bank transfers, archaic cheques, or fumbling around for cash. Even in-person payments can be a thing of the past with our help.
Once consumers open up to online payments and use credit cards, they are unlikely to turn back to traditional methods. The best way for your business to make money is to find online payment methods in NZ because the easiest way to make purchases will almost always be the one your customers use.
While it might seem more straightforward for your business to make a profit when avoiding credit card options, the opposite is true. Look hard at credit card solutions, and you will find that you can skip merchant fees altogether, thereby bringing in far more money with Qippay. Consumers don’t want to be restricted to cash options anymore, and they will get put off by a lack of versatility, facility, and flexibility.
With Qippay Accept, you can overcome the challenges of merchant fees and the domineering presence of large enterprises. When you accept credit card payments at no cost to your business, you could gain a broader customer base, save thousands of dollars a year, and make it easy for your consumers.
Don’t wait for credit card fees to be reined in; skip them altogether! Qippay is here to help your business succeed.