Understand the benefits of using your mobile phone as an EFTPOS terminal

Using your mobile phone as an EFTPOS terminal can bring several benefits to your business. It eliminates the need for additional bulky hardware, meaning that it can easily be taken on the go and used for transactions at events or pop-up stores – in addition to its use at physical premises. Using your mobile phone as an EFTPOS terminal also means that you can accept payments faster, meaning less time spent waiting for customers to make their purchases. This can be done at any location in the store, rather than at a central front desk or checkout. This also allows staff to focus on customer service instead of cash handling and multiple customers, making transactions smoother and more efficient. Business Payment Solution

Finally, using your mobile as an EFTPOS terminal means that you have the potential to make your business more secure by reducing the possibility of fraudulent transactions.

Depending on your provider, you can ensure your customer's details are safe by allowing them to pay from the privacy of their own phone. In short, this is done by bringing up a new sale, presenting the generated QR code and allowing the customer to scan it with their phone camera. The payment page is now brought up on their phone and will allow them to pay with all major payment types including Apple Pay, Google Pay & China Union Pay. Mobile Payment System

We'll take a look into what providers allow you to do this in the next section.

Research your options to find the right provider for you

Surprisingly enough, accepting payments through your phone is a relatively new area in business payments. It's odd to think that whilst almost everything can be done on your phone these days, accepting business payments is in its infancy.