Pacific NW Federal Credit Union

Accepting No Touch (Contactless) Payments at Your Business

Jun. 23, 2021
TMC Clover POS with a contactless pay by phone option

No touch (contactless) payments are a fast, secure, and hygienic way to make payments with a debit or credit card. Read on to learn why it’s becoming an increasingly popular and advantageous payment method for you as well as your customers.

What Are the Advantages of Contactless Payments?

Merchants who offer contactless payments can realize the following benefits:

  • Faster Transactions – Customers do not need to enter a PIN or provide a signature, which allows merchants to process more transactions in less time and reduce customer wait times.
  • Greater Customer Satisfaction – More convenient and faster transactions lead to more satisfied customers, who in turn are more likely to return and use their cards more frequently.
  • Improved Operational Efficiency – Speedier transactions reduce the number of cashiers needed while increasing the volume of transactions per cashier.

Consumers also benefit from making contactless payments:

  • Speedy, Convenient Payments – No need to swipe or insert cards, enter PINs, or sign.
  • Great Alternative to Cash and Cards – No longer need to carry these items to make purchases.

Contactless payments are more hygienic

In addition to being faster, more convenient, and more secure, contactless technology is the most hygienic of all in‐person payment options because it doesn’t require any direct contact at the point of sale. There is no need to pass cards between consumers and merchants, type PINs into keypads, or use styluses handled by multiple consumers.

Accepting Contactless Payments With the Clover Mini

The Clover Mini gives you multiple ways to accept payments, including contactless payments. See it in action.

According to management consulting firm A.T. Kearney, it’s estimated that 56% of all cards in use will be contactless by the end of 2022. Click here to contact our partners at Total Merchant Concepts right away if you are interested in accepting contactless payments for your business.