There’s a digital transformation happening in payments. More customers are paying online and the options for paying in store continue to grow. You can accept a variety of digital payments, such as credit cards, debit cards, prepaid cards, contactless cards and mobile pay apps.
What’s the right fit for your business? Let’s take a look at the options and a few pros and cons.
Cash and checks have been the leading payment options for a long time.
Although these methods o fpayment appear easy to implement, large cash transactions can pose a security risk. Also, the time it takes to reconcile and make cash or cheque deposits can hurt your productive time.
Cashless card payments like credit cards, debit cards, gift cards allow customers to pay more securely are more efficient because they remove the need for daily cash deposits.
Adopting this payment option for your business requires some training and investment to implement. Explore our solutions for small businesses to learn more about the offers available to you.
Mobile devices have become a constant in our everyday lives, and making payments with your devices is becoming more popular.
This payment option helps speed up customer checkouts both online and offline while offering more secure transactions.
Visa's QR payment solution, Visa on Mobile, is easy to use and requires little training to incorporate into your business.
Small businesses reported a sales boost after accepting digital payments.1
Processing a digital payment is 57% less expensive than processing non-digital payments when you factor in expenses and labor. 2
In a survey, SMBs agreed that customers spend more when they use cards instead of cash.2
Accepting Visa can help your business in a number of ways. When a business accepts Visa, research has shown that customers are more likely to enter a store and become a repeat customer. Customers are 3 to 5 times more likely to think the business is reputable based on Visa signage. Learn more about becoming a Visa merchant
VisaNet is capable of processing more than 56,000 transaction messages a second.3
While the average cash transaction is $17, credit card purchases average $70 and debit card purchases average $36.4
Consumers carry 2.3 billion Visa cards worldwide.5
Paystack helps business owners, like you, accept payments online. Providing simple but powerful business tools, Paystack allows you to run your business profitably. From startups to government agencies, Paystack currently processes more than 50% of all online payments in Nigeria.
It takes less than 5 minutes on the Paystack website or mobile app.
Start accepting real payments from all over the world, and grow your business.
Paystack only makes money when you do. For local transactions, they charge as little as 1.5% per transaction.
