5 Reasons To Use Mobile Payment Methods With TelosPay

Mobile payments are booming. With the emergence of Venmo, Cash App, Square, and other mobile payment apps, it's clear that convenience is king. And why not? We carry our phones around with us pretty much 24/7/365 - no one wants to fumble around with cash, checkbooks, or really, even cards. 

Everything else is digital - why shouldn't your payments be? 

And it's not slowing down. 

The global mobile payment market is expected to grow as much as 23.8% by 2026. 

We know you have mobile payment options - so why use TelosPay? 

1) Mobile payments, in general, add an extra layer of security and convenience to transactions for all parties involved because of encryption technology.

Encryption technology allows sellers or individuals to safely accept mobile payments that are enabled by linking a customer's bank account or credit/debit card. 

With TelosPay, we've partnered with the best. Our bank-grade technology ensures that every transaction you or your customers make is 100% safe. 

2) No app is necessary with TelosPay. 

We wanted to combine the convenience of apps with the ability to continue making mobile payments - while not having to actually use an app.

Apple Pay, Google Pay, and other forms of contactless payment are helpful, but are often only usable in conjunction with the specific device/business that created them.

Instead of downloading another app, TelosPay allows your customers to send and receive payments via a link on any smartphone device. Repeat customers can still save their card information for the next time they use your business. 

3) About 53% of merchants plan to expand their mobile payment options in 2022.

Mobile payments are becoming increasingly popular. As a business, if you're not offering mobile payments, you'll soon be in the minority. People are looking for ways to save time, effort, and money. Offering mobile options keeps your business competitive and innovative. 

4) Using TelosPay can increase your cash flow in several ways.

With mobile payments, you're able to receive funds in 1-3 business days. Customers get the convenience of paying quickly and contact-free, while you receive your payments faster. This creates a cycle of more repeat customers, faster payment options, and overall, an increase in sales for your business. 

You're also eliminating the need to pay for an expensive POS system. TelosPay is 100% mobile.

*An added bonus for restaurants and other customer service businesses: one study showed that customers are more likely to tip using a mobile payment option!

5) TelosPay has a purpose. 

Last, but certainly not least, we believe in a higher purpose for our business - and maybe you do, too. With TelosPay, .5% of every transaction goes back to a nonprofit of your choice. This is something we're passionate about. We want to partner with other businesses in this vision. Creating a community of like-minded entrepreneurs and business owners has been our purpose from the start.