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3 Reasons Why Retailers Need an Integrated Payment Processing Solution

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Woman at checkout in fashion store paying with credit card. Customer using payment terminal machine. Standing at counter. Buying and shopping for clothes. Bank card graphics are made up.

 

If your retail business currently operates without integrated payment processing, you’re likely spending a lot of manual time entering sale amounts into your point of sale (POS). Because of this, you probably also have encountered your fair share of data entry errors. If this sounds like a regular problem for your business, it may be time to look into integrated payments.

Payment integration is simple, cost-effective, and necessary in order for retail businesses to thrive. Here are a few reasons why:

 

1. Accuracy

“To err is human,” said Alexander Pope in his renowned Essay on Criticism. That line stuck out and became famous because everyone could relate to it. Human error is unfortunately inevitable within any industry where manual processes are employed.

Payment integration removes human error from the equation. Instead of manually typing in a price, the integrated payment processing solution automatically scans the product price and sends it straight to the pin pad. Because prices and payments don’t need to be typed, there are no chances for errors to arise.

 

2. Time Savings

Time is money. When you’re spending a lot of time entering in transactions manually, you take time away from other more profitable tasks and cost yourself a lot of labor. With integrated payments, end of day reconciliation is a breeze. When you have an integrated payment processing solution, employees no longer have to close the batch on each payment terminal and compare to the POS reports manually at the end of every shift. Instead, payment types are automatically transferred–saving significant time each shift.

When transactions are sent automatically from the credit card reader to the point of sale, the entire transaction and payment process is simplified, sped up, and streamlined.

 

3. Customer Satisfaction

Payment integration provides fast, secure, and reliable transactions. The last thing a busy customer wants is to be held up at the checkout counter because of slow processes and inefficient technology. Integrated payments equip your staff to process more payment types than ever before.

Additionally, integrated payment processing ensures safety and security of payments by eliminating the manual work required. The last thing you want is your customers to be wary of using their credit card at your business. An integrated system gives them peace of mind knowing that they’ll never get charged more than they should.

Fewer mistakes, more flexibility, and faster transactions result in a better overall customer experience for your retail business.

 

Integrated Payment Processing Solutions

While manual processes and outdated technology may have worked well in the past, the competition is only getting tougher. With most retailers adopting the latest advancements in integrated payments, customers have come to expect a certain level of efficiency, speed, and safety within the checkout process. This puts quite a lot of pressure on retailers to deliver, and the best way to do that is by implementing an integrated payment processing solution.

Auto Star provides advanced integrated credit and debit payment processing, including EMV card acceptance with leading providers such as WorldPay, First Data, TSYS, Moneris, and more. Our solutions are designed to speed up transactions and eliminate errors, each and every time. For more information on Auto Star’s integrated payments solutions, and how you can leverage them to improve your retail operation, contact us today!

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