{"id":4214,"date":"2023-09-12T13:01:54","date_gmt":"2023-09-12T17:01:54","guid":{"rendered":"https:\/\/wp.thegeneralstore.com\/?p=4214"},"modified":"2023-10-09T15:57:43","modified_gmt":"2023-10-09T19:57:43","slug":"trends-shaping-retail-payment-processing","status":"publish","type":"post","link":"https:\/\/wp.thegeneralstore.com\/?p=4214","title":{"rendered":"Trends Shaping Retail Payment Processing (Dual Pricing, Mobile Payments, & BNPL)"},"content":{"rendered":"

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Stay Competitive and Profitable With Trending Retail Payment Solutions<\/h1>\n

While many brick-and-mortar stores have reopened since the beginning of the pandemic, the way consumers shop and pay for goods has permanently changed. Retail payment processing methods are moving from physical currency to digital transactions as more consumers use credit cards and other contactless <\/span>payment solutions<\/span><\/a>.<\/span><\/p>\n

However, both retailers and customers are frustrated with increased payment processing costs. We\u2019ll discuss current retail payment processing trends and ways small businesses can stay compliant while minimizing fees.<\/span><\/p>\n

Payments: The Current Landscape<\/strong><\/h2>\n

There\u2019s been a shift in payments, from hunting down loose change in your pockets or searching for an ATM to effortlessly tapping or inserting a card at a point of sale (POS) system. The increasing adoption of digital payments in physical retail environments has made the payment process easier for customers.<\/span><\/p>\n

In addition, mobile payments are growing in adoption. The <\/span>mobile payment market was valued<\/span><\/a> at 53.5 billion in the United States alone in 2022. Experts anticipate the market to grow to over 607.9 billion by 2030.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row gap=”15″ content_placement=”middle” bg_type=”image” parallax_style=”vcpb-default” bg_image_new=”id^1786|url^https:\/\/wp.thegeneralstore.com\/wp-content\/uploads\/2019\/07\/TheGeneralStore-Testimonial-Pattern.png|caption^null|alt^null|title^TheGeneralStore-Testimonial-Pattern|description^null” bg_image_size=”initial” css=”.vc_custom_1689184477785{margin-top: 35px !important;margin-right: 0px !important;margin-bottom: 35px !important;margin-left: 0px !important;padding-top: 30px !important;padding-bottom: 30px !important;}” el_class=”blog-cta”][vc_column][vc_column_text el_class=”center-text”]<\/p>\n

Discover if SaaS or one-time purchase POS plans are right for your business.<\/h3>\n

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