Older millennials probably remember when paying for something online wasn't as simple as it is now. You had to first find your credit card. Then you had to input the number, the security code, and maybe even an address. Inside a restaurant or store, you have to dig through a wallet to retrieve the right card. And maybe you forgot cash, and the establishment is cash only. When demand for convenience and speedy service was desired, the
digital wallet came to save the day.
We now have options such as Autofill or payment apps, which ensure payment processing is simple and quick. Payment apps don't just benefit the spender, however. Restaurants and retailers can bring in a lot more profit when they accept various digital payment options. Cash is slowly dying, and expecting customers to hold on to it at all times is unreasonable.
Accepting payment apps will increase the customer base, maximize online orders, improve customer spend, and generate more revenue. This is all crucial in a time where restaurants are struggling to stay profitable. Read ahead for some other reasons why payment apps are important to business owners.