Taxi Companies May Benefit Greatly From Using Mobile Point-of-Sale Systems
As a taxi company owner, you should do all in your power to ensure the safety and comfort of each and every one of your passengers. This goal has taken on more urgency in recent years due to the dramatic growth in popularity of ride-sharing services like Uber. Taxis may compete with these businesses if they prioritise client satisfaction and are willing to implement new technologies like mPOS payments.
To accept mPOS payments, every taxi must be outfitted with a mobile point-of-sale device, such as a tablet or smartphone. This portable device functions as a point of sale since it is equipped with an advanced mobile payment programme that accepts payments through clients' phones. Thanks to the mobile payment software, taxi drivers may accept a variety of payment methods from clients and complete transactions quickly and easily. The end effect is a happier clientele. Since the only piece of equipment required is a portable device, the cheap cost of Taxi EFTPOS machine is accessible even to those who operate a large fleet of taxis.
Here are some of the most compelling reasons why taxi companies should accept mPOS payments:
Flexible methods of payment
If your drivers have mobile point-of-sale terminals, they can process customer payments using a simple app. Contactless tap-and-pay transactions, QR codes, and the use of a customer's pre-stored payment method data (such as a mobile wallet, mobile money, or credit card) are all viable options.
Besides being more convenient than paying in cash, accepting a wide range of payment methods also shows that you care about your customers' preferences. For instance, up to 32% of consumers have used mobile wallets, as shown by the statistics. The unbanked population, which lacks access to conventional banking services yet would like not to rely only on cash transactions, has shown a marked preference for mobile money accounts. Accepting mobile money payments using a mobile point-of-sale device is a great way to appeal to these customers.
Safe and sound payment method
Payments made using a mobile point-of-sale system are completely secure. The improvement will benefit both taxi drivers and their customers. The mobile POS terminal does not store any sensitive cardholder data and uses encryption for every transaction. By switching to a mobile point-of-sale (mPOS) system from a PCI DSS Level 1-compliant vendor like Direct Pay Online, your taxi companies will have access to the latest security innovations.
Cab drivers should also avoid carrying large amounts of cash since it increases their vulnerability to theft. By accepting credit cards and other forms of electronic payment, EFTPOS payment solutions protect taxi drivers from this risk.
Easy and straightforward payment system
The payment process is expedited when a mobile point-of-sale device is used. All financial transactions are processed instantly and in real time. This is a huge time saver compared to standard credit card readers, which take several seconds to complete a payment, or currency converters, which take several seconds.
Conclusion
Your cabbies will save time at the end of each journey counting change and processing payments, allowing them to spend more time picking up customers and getting them where they need to go. This will allow them to better serve an increased volume of clients, and the streamlined payment process will undoubtedly increase patrons' happiness.