Payroc Technology
Why Choose Payroc POS System for Your Small Business
Small businesses need to accommodate customers of all types to grow their company and revenues, which means a POS system is critical. These days, not many people carry cash. However, many point of sale (POS) systems make small business owners anxious — are they worth the processing fees, will they be secure, and how can a small business owner make the right choice? Gateway Payments is here to help.
An investment in a sound POS system is well worth it, particularly when that POS system works not just to accept payments but improve your business. Here are a few things to consider when selecting the right POS system for your company.
An All-in-One System
A traditional processing terminal might come to mind when you think about POS systems. These machines process payments, nothing more and nothing less. But today’s modern POS systems, including Payroc’s, can do much more.
Beyond simple payment processing, a system can and should be tailored to your business needs. That could include online ordering, app functionality, inventory management, or customized reports. Yes, your POS system can tell you what your top-selling products are, your net sales, and which employees use the POS the most! Imagine what you can do with that information at your fingertips; all you need is a POS system enabling these insights.
A Payroc system is a powerhouse for your small business, doing more than you ever thought imaginable from a POS.
Credit Card Payment Processing
Credit card payment processing is a critical feature in any POS system for small businesses. Mobile businesses, or those that require mobile credit card processing, especially need to be sure that their system can handle any payment. The last thing a small business needs is a barrier to a successful transaction.
Accepting mobile payments is a crucial feature for most small businesses. Your customers and clients do not want to wait in line or stop what they are doing to move over to a payment terminal. Bring the POS payment terminal to them, and you will surely win over a happy future customer.
Payroc accepts every payment, including contactless, table side, countertop, and kiosk. So, no matter what your business does or how you operate, you can rest assured that payment processing is simple.
Secure Payment Solutions
While no business should be lax about payment security, small businesses must be extremely cautious. Any breach could be devastating, so choosing a POS system with the utmost security is essential.
Payroc’s point-of-sale systems all comply with the most stringent security requirements. Customer payments are seamless and easy while eliminating the risk of fraud or loss.
Payroc’s technology is ideal for small businesses of any type. Restaurants, service businesses, retail, beauty, and fitness — all are industries in which Payroc is already in use. Gateway Payments is happy to help you learn more about Payroc and how their point-of-sale systems can transform your business, no matter the industry. Get in touch today!
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Your Business on the Go with Payroc
Many customers expect to be able to use mobile payments wherever they go today. With smartphones in their pockets, payment apps ready to use, and an increasing desire to go cashless, mobile payments are not just the future for your clients — they are the present. If your business does not offer mobile payment processing, you are likely missing out on sales. But Gateway Payments can get your business back on track.
Why should you offer mobile payment processing, and how does Payroc benefit your business on the go?
Convenience
Nobody wants to stand in line for a long time, waiting to pay. Your staff does not want to bring people to a payment terminal. By being able to hand over a mobile payment terminal, everyone enjoys convenience and speed.
What happens to customers who want to buy something but forget their credit card at home or do not have cash on hand? Mobile payment options rescue that sale.
This convenience and versatility further extend to portability for your business. If you’re in an industry that allows for travel — say, selling food at a festival or selling retail goods at a local event — you do not need to worry about separate arrangements for these situations.
Payroc allows you to bring your credit card and other payment processing for the ride. Turn your mobile device into a virtual credit card terminal and accept all contactless payment methods, EMV chips, and magnetic stripes.
Streamlined and Improved Business
With Payroc, you can run reports and invoices and even manage your staff from the same system that offers payment processing. While you are capturing payment, you are also capturing information that will improve your business. Of course, all this data is collected and stored securely, so there are no concerns about fraud or loss while your business is on the go.
Payroc’s mobile credit card and payment processing enables not only invoices but due dates for payments and the ability to collect from your inbox. You have everything you need to manage and better your business at your fingertips.
Mobile payment processing can save money, further streamlining and improving your business. You may not need to invest in hardware, or at least not as much hardware as you would with other payment methods. Use your mobile device effectively with Payroc, keeping costs to a minimum (particularly ideal for small businesses!).
Go Green
Today’s customers want to work with and buy from businesses whose values they share. Mobile payment processing is not just convenient and safe; it is also environmentally friendly. Instead of printing paper receipts, Payroc allows your business to send electronic receipts to your customers. They will enjoy the convenience, and the knowledge that you are preventing needless waste, together.
Mobile payment processing is something customers want and something that benefits your business, whatever your industry. Contact Gateway Payments to learn more about Payroc’s advantages, security features, and how this technology can help you meet your business goals and objectives.
Guide to Payment Processors for your Ecommerce Store
Did you know that there are roughly 600,000 new businesses in the United States each year? However, many of these businesses tend to fail within the first few years.
As you might expect, part of operating a successful company includes investing in the right business practices. This is especially true for eCommerce stores.
Payment processors are something every entrepreneur should understand, but not everyone knows where to start. We’ve created a brief guide that outlines the key factors you need to know about how they affect your eCommerce site.
What Are Payment Processors?
In short, they are the middlemen that handle online transactions. When you make an online purchase, the payment processor is the one that verifies your information and processes the transaction.
Each of these processors has its own set of features and benefits, so it’s important to choose the one that best suits your needs.
How Does Payment Processing Work?
When you make a purchase online, the payment processor will first verify your information.
Once your information is verified, the processor will then authorize the transaction and send the funds to the merchant. The entire process usually takes just a few seconds.
Key Terms to Know
There is a handful of terms to keep in mind when it comes to payment processing.
Understanding these will help ensure that you recognize potential issues and make the right decisions. Listed below are some of the most notable.
Payment Gateway
A payment gateway is a type of payment processor that helps businesses accept credit cards and electronic payments. Payment gateways encrypt sensitive information, such as credit card numbers, to make sure that it is secure during transit. Otherwise, criminals would be able to access this data.
Merchant Account
A merchant account is a type of bank account that allows businesses to accept credit card payments.
In order to open a merchant account, businesses must first apply and receive approval from a bank or financial institution. Then, businesses will need to set up a payment gateway to start accepting credit card payments.
From here, businesses can start processing payments.
Tokenization
This term refers to the process of replacing sensitive data, such as a credit card number, with a “token” that is unique to the transaction. Tokenization helps to secure data and prevent fraud through this practice.
So, it's essential for businesses to understand how tokenization works to best protect their customers' information.
End-to-End Encryption
This term refers to the process of encrypting data from the time it is entered into the system until it is decrypted at the other end. This helps to ensure that data is secure and cannot be intercepted or tampered with during transit.
As a result, it is one of the most important characteristics of a reliable payment processor.
Chargebacks
A chargeback is a type of refund that is issued when a customer disputes a charge on their credit card statement.
Chargebacks can be costly for businesses, so it’s important to take steps to avoid them. Unfortunately, some people attempt to maliciously use chargebacks to receive products or services for free.
Chargebacks also occur when criminals use stolen financial information.
What Are the Benefits of Using a Payment Processor?
There are many benefits of using a payment processor, but the most important one is that it makes online transactions more secure.
Payment processors use several security measures to protect your information, which helps to reduce the risk of fraud and identity theft.
Another benefit of using a payment processor is that it can help you save money on transaction fees. When you use a reputable payment processor, you can avoid paying the high transaction fees that come with using a credit or debit card.
Finally, payment processors can help to streamline your online transactions. You can keep track of all your transactions in one place, which makes it easier to manage your finances.
Are There Any Risks?
There are always risks associated with any type of online transaction, but the risks are relatively low when you use a reputable payment processor. Unfortunately, the cybercrime industry is projected to be worth over $10 trillion by 2025. So, it’s more important than ever before to maintain security on your eCommerce site.
The best way to reduce your risk is to choose a processor that offers a secure platform and has a good reputation. This will help make sure that you avoid problems in the future that you may have otherwise encountered.
How Can I Benefit from Working with a Professional?
A good processor will offer a secure platform, competitive rates, and excellent customer service. In addition, a professional can help you save time and money by streamlining your transactions.
You can avoid the hassle of dealing with multiple vendors, and you can focus on running your business. Additionally, when you work with a professional, you can be assured that your transactions will be processed quickly and efficiently.
Payment Processors Don’t Have to Be Complicated
It might seem difficult at first to understand payment processors, but it’s easier than you might expect it to be. Make sure that you keep the above guidelines in mind so you can avoid problems you may have encountered.
Looking for more information about how we can help? Reach out to us today to see what we can do.
