Pinelabs

  “ Shop Now, Pay Later ” solutions offer a new twist on point of sale financing for retailers with simple installment plans. They are designed not only to help consumers finance purchases conveniently but also allow retailers to add new sales channels and manage costly abandoned carts without looking for new sources of capital. Buy now pay later credit solutions are a proven way to increase sales for merchants. In addition to increasing sales, offering this payment option captures the interest of consumers for future purchases. There are many benefits to adding an installment payment solution to merchants, including: Reaching New Customers You want to offer multiple ways to pay, because not all your customers carry credit cards. Younger generations especially like using their debit cards, as well as apps like Paypal to complete transactions.  With Pinelabs Payments, you can accept any kind of online payments that you think will help to build your business with offering buy n...

When choosing a POS system, there so many factors you must put into consideration. These include POS machine cost Payment Gateway So which one should businesses focus on more? Or rather, which one is more relevant? To answer this question correctly, you need to understand both options and their impact on your business. Payment Gateway With so many options available in the market, you want to find the  best payment gateway  that can Process, authorize and accept or decline transactions Accept multiple payment methods, including mobile, credit, and debit card (both physical and online) Secure and can prevent fraud Enhance online security Fast and easy to use Easy to integrate with the rest of the systems in your business and so much more Affordable POS Machine Cost When it comes to business, the cost is always a critical factor worth consideration because it directly impacts the profit. To maximize profit, one has to find a way to minimize the cost of running a business and max...

  With consumer expectations at an all-time high, getting an EDC machine should not be just about opting for the cheapest model or going by hearsay. From deciding whether you want a conventional POS terminal, a wireless, in-store Wi-Fi swipe machine , or a portable GPRS POS machine to carry to different sites, to selecting the best merchant service provider, and picking the right OS/interface that is well-aligned with your operational requirements, there is a lot of research involved in choosing the best EDC machine for your business. The following tips will surely come in handy! 1.   Select the Acceptance Range/Capability of Cards and other Modes of Payment - Most POS service providers fix the pricing pattern of the POS device depending on the range of payments accepted. The basic expectation that any customer has today is not just cards acceptance, but QR code scanning and digital wallets payments as well. Most of these digital payment options are fo...

  Of the many technological marvels that enhance customer experience and ease operational hassles, the POS Billing Machine with touch screen has been unanimously hailed across the Service Industry- Hotels, Spas, Restaurants, Retail Stores, and so on. An increasing number of customers are gravitating towards hassle-free transactions like QR code payment and digital payments. Business owners who cater to these requirements with a state-of-the-art, touch screen POS billing machine price , are likely to witness higher sales and conversions. As an entrepreneur, before you survey POS machine charges, check out these 10 solid points to choose the best touch screen POS:- 1. Ease of Use- This is the most basic requirement because the last thing you want is for your employees to fiddle around with a touch screen POS, not understanding how to operate it properly 2. Intuitive Interface- The software of your chosen device should be intuitive, and customized as per yo...

  For digital retailers, providing the ‘shop now pay later’ option to customers is a sure-shot way of boosting sales. Over the last couple of years, many popular e-commerce sites and POS machine service providers have highlighted this payment option to draw in more customers and amplify conversion rates. Just like the popularity of QR code payment or ‘scan and pay’ option has witnessed a massive boom in the recent past for conventional retail stores, the ‘shop now pay later’ payment option has been received a tremendous response from online shoppers. Understanding the concept of ‘shop now pay later’ The concept is simple. Digital retailers allow customers to order and receive the chosen product right away but pay for it later, either in full or instalments over a specified ‘interest-free period’. For instance, a customer can purchase a refrigerator worth Rs 30,000 and choose to pay for it in 6 months. Having provided his/her card details, Rs 5000 will be auto-deducted from the...

In 2018, the online payment processing software industry was valued at $21 billion in the US, growing at a rate of 8.9% per annum. To run a successful retail business today, you need to provide the right customer experience, complete with innovative software that will make a seamless experience for your consumers. Five different types of software can significantly improve your retail business. E-Commerce software Inventory control software Payment processing software Retail management software Retail ERP software E-Commerce Software This software allows a business to sell products and services online. It also lets online store owners add and remove products, fulfil orders, process payments etc. There are two types of E-Commerce software - on-premise and software as a service.  Inventory Control Software Inventory control software is a system that handles the tracking, managing and organising of product sales, material purchases and other production processes. This software type use...

In the last year, businesses have seen a significant drop in cash transactions, as other payment options like e-wallets, cards, QR codes and net banking became the new normal. During this time, ‘buy now, pay later’ (BNPL) emerged as a popular credit option among consumers, giving them instant access to an approved credit limit, which could then be used for purchases. What Exactly Is Buy Now, Pay Later? As the name suggests, ‘buy now, pay later’ literally lets consumers buy a product and have it delivered while delaying the payment until a later date. This is a consumer-friendly alternative to cash or credit cards.  Benefits Of BNPL Instant Access To Credit If a store has an option for BNPL payment, you do not have to search for alternative credit options. With shop now pay later , you get instant credit at the point of sale, making for a smooth and frictionless purchase. Ease Of Use Some BNPL platforms allow you to use the QR code option where you can simply scan the code and pay ...