With less than a quarter of transactions in the UK now made by cash, it’s vital that your business allows customers to choose how they pay. And by not relying on cash payments, you can make your business more secure and save time to focus on growing your business.
If your business doesn’t accept card payments – which is the preferred method for many customers – you may lose business. You won’t be able to take advantage of the growing number of purchases being made using cards. Contactless technology has been one of the biggest drivers of this cashless trend. Contactless spending has grown over 80% in the last year1 where customers now have an easy alternative to cash for lower value transactions.
Taking online payments
Almost a quarter of card spending in the UK is now made online, and is growing each year1. Being able to sell and take payments online can increase the reach of your business, including trading internationally.
Some businesses only deal with other businesses and deal on account only. But adding card payments into the mix can improve cash flow and reduce bad debts by enabling you to take payments from a wider range of businesses.
How Barclaycard can help
Whatever the size of your business, Barclaycard can make it easy for you to sell and your customers to buy. Face-to-face, online, over the phone – their range of payment solutions can help you improve customer experience and increase sales.