Payment Processing Trends for 2021

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Payment Processing Trends for 2021

• Host Merchant Services

www.hostmerchantservices.com
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Payment Processing

• Payment processing is constantly evolving, but
  the pandemic pushed things even further along. In
  2021, chances are we will see even more changes
  (all good) to help merchants make payment
  processing an even smoother process than before.
• Understanding the payment processing trends for
  2021 and how they affect your business is the key
  to staying competitive in the new year as we
  continue to fight the pandemic and all that it
  has caused.

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Cashless Payment Option

• Today, consumers dont want to use cash. They
  want contactless payment options, whether that
  means paying online before coming into the store
  or using their phone to pay in store. The key is
  that no cash exchanges hands and consumers dont
  have to touch shared machines that other people
  have touched.

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Increased Use of Biometrics

• With an increase in online and mobile payments
  being made, biometrics are even more
  important. Fraud, hacking, and lost phones are
  common and serious risks when opting to utilize
  mobile payments. Biometrics provides another
  mechanism to prevent fraud by requiring a higher
  level of security, either your face or your
  finger.

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Peer-to-Peer Payments

• Splitting checks, buying group gifts, and
  covering the rent with a roommate is easier today
  with peer-to-peer payments. But consumers are so
  accustomed to making instant payments to their
  peers that they want the same capabilities with
  merchants. Not only does it allow for contactless
  payments, but it allows faster payments pushing
  consumers through the purchasing channels quicker.

www.hostmerchantservices.com
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Buy Now Pay Later Options

• With the onset of the pandemic and many people
  suffering financial losses, buy now pay later
  opportunities are in high demand. Merchants who
  sell high-ticket items do themselves a favor
  by offering buy now pay later options on their
  website. This helps increase sales and even
  consumer loyalty when merchant helps them out by
  making products more affordable over time.

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Mobile Wallets

• Mobile wallets like Apple Pay were already in
  high demand, but 2021 will bring even more
  popularity for these payment options. Customers
  want contactless payment options and merchants
  who dont offer it will be left in the dust.
  Offering payment options like Apple Pay, Google
  Wallet, and Android Pay are the way of the
  future, merchants who dont offer it will be left
  behind for stores that do.

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Take Advantage of 2021 Payment Processing Trends

• Get the solution that fits your business

www.hostmerchantservices.com
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Contact Us

• Address-
• 250 Corporate Blvd Suite L Newark, Delaware 19702
• 10661 Airport-Pulling Road North, Suite 13,
  Naples, FL 34109
• Phone N.o-
• 1-877-517-4678
• E-mail
• sales_at_hostmerchantservices.com