You keep everyone going! However, post Covid, your customers may not be keen to handle cash or even touch the pin pad for card payments.
Coupay’s smart bank transfer is a 'no touch' method of receiving payments and will save you significant money compared to card machines.
We summarise below the advantages and disadvantages of different payment solutions.
Zero cost to you
Works best if you like to pay with cash for your daily expenses as well
Carrying cash is becoming less and less common and handling change is seen as inconvenient.
Smart Bank Transfer
'No touch' payment for the current times
Easy - your customers pay in just a few clicks. No need to key in your bank details
You get money instantly straight to your bank account
Costs less than 20p per transaction
Cards are used by everyone and contactless is very efficient
High cost. Usually 1% of transaction value i.e. £2 for a £200 transaction
In these times, customers may prefer not to touch the pin pad!
You need to carry card machine everywhere