Fixed transaction rate
Posted: Mon Feb 17, 2025 7:20 am
Here's what most people feel when reading a third-party payment processor agreement:
Between running an online store and a physical store, managing order fulfillment and inventory, customers and employees, being a retailer has become more complex than ever.
To make life easier for retailers, mobile POS system providers have begun to integrate payment processing, removing third-party payment processors that can be complex (and potentially risky ) to operate from the equation.
This has a dual benefit for retailers. First, they can work with a single company to help them manage both their business and its finances. Second, pricing is much simpler and more transparent than with third student data parties. Retailers benefit from a single transaction rate for all payment methods, with no upfront fees or monthly fees.
This saves retailers money while avoiding the complexity of processing payments .
Benefits of payment processing integrated into the cash register system:
PCI security compliance and built-in fraud prevention
No third-party account is required
Centralization of the company's financial information
3. Customer Relationship Management (CRM)
Your cash register system's CRM database allows you to create a profile for each of your customers, storing the following information:
Payment Information
Payment History
Product Preferences
Purchase History
Frequency of purchases
CRM databases also allow retailers to schedule promotions (where a promotion is only valid for a specific period of time, after which the items in question revert to their original prices).
Loyalty Program Add-ons
Some POS system providers also offer a loyalty program based on a mobile application.
83% of consumers say they are more likely to purchase products from a company that offers a loyalty program – with 59% preferring mobile app-based loyalty programs. Is this really any surprise?
Between running an online store and a physical store, managing order fulfillment and inventory, customers and employees, being a retailer has become more complex than ever.
To make life easier for retailers, mobile POS system providers have begun to integrate payment processing, removing third-party payment processors that can be complex (and potentially risky ) to operate from the equation.
This has a dual benefit for retailers. First, they can work with a single company to help them manage both their business and its finances. Second, pricing is much simpler and more transparent than with third student data parties. Retailers benefit from a single transaction rate for all payment methods, with no upfront fees or monthly fees.
This saves retailers money while avoiding the complexity of processing payments .
Benefits of payment processing integrated into the cash register system:
PCI security compliance and built-in fraud prevention
No third-party account is required
Centralization of the company's financial information
3. Customer Relationship Management (CRM)
Your cash register system's CRM database allows you to create a profile for each of your customers, storing the following information:
Payment Information
Payment History
Product Preferences
Purchase History
Frequency of purchases
CRM databases also allow retailers to schedule promotions (where a promotion is only valid for a specific period of time, after which the items in question revert to their original prices).
Loyalty Program Add-ons
Some POS system providers also offer a loyalty program based on a mobile application.
83% of consumers say they are more likely to purchase products from a company that offers a loyalty program – with 59% preferring mobile app-based loyalty programs. Is this really any surprise?