Small businesses lead the mobile payments charge
March 19, 2013

Small businesses are all about efficiency - the current economic climate has forced this operational mindset upon them. When budgets are limited, companies need to do what they can to stretch their resources. No piece of equipment should go underutilized, and when it comes to purchasing new hardware, everything needs to provide a lot of utility.

A survey conducted last year by the National Federation of Independent Businesses highlights this fact, with small businesses listing slow sales as one of their top three concerns. Slow sales give companies less revenue and budget to work with, which in turn hinders other basic operations.

For many businesses, mobile payments offer a solution - rather than investing in expensive cash register systems, they can convert their smartphones and tablets into devices that can accept credit card payments and accept debit card payments. Smartphones and tablets are commonplace in work environments as they enable entrepreneurs to communicate with others, make presentations, manage inventory, run operations and access mission-critical data from anywhere. Now, they can even be used for payment purposes.

With that in mind, it's no surprise that small businesses have largely been the growth engine of mobile payment adoption. Hardware that facilitates mobile transactions is cost-efficient in the sense that many businesses already use tablets and smartphones for other purposes. At the National Retail Federation's "Big Show" in New York this year, a number of attendees spoke of the influence of mobile payments in retail. While the mobile payments market is still growing, small businesses remain critical in early adoption, Fast Casual asserts.

Solutions such as Sage Mobile Payments can help small businesses regain control of their budgets and better serve their customers.

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