New Year, New Business Goals: 3 Payment Resolutions for Small Businesses

January 7, 2019

The new year is here, and for many Canadians that means it’s time to set resolutions to make sure they can get 2019 started on the right foot. For business owners, the spirit of resolution making can be especially motivating to take the next step in growing your business in store and online. Here at Moneris, when we think about new years resolutions we can't help but think about payment solutions, which is why we've put together these three payment resolutions for business owners just like you!

Resolution #1: Solve Payment Issues that Keep Appearing

Do you or your staff members continue to run into the same issues when ringing through a purchase? This could be as simple as a finicky receipt printer, or an old payment terminal that has trouble staying connected to the internet. Resolving to solve payment issues at the beginning of the year can help to ensure that the rest of the year goes smoothly, and that your business has the technology you need to succeed. 

Resolution #2: Be Prepared for All Payment Types

The world of payments continues to evolve at a rapid rate, and anticipating these changes can be overwhelming. Thankfully a number of recent advancements in the payments industry – be it tap cards or digital wallets – rely on NFC (near-field communication) technology. Simply having the NFC feature turned on the terminal will open your business to a wider variety of payment types. Being prepared for the many payment types customers use today is not only a step towards a better customer service experience, but merchants can also enjoy the benefit of friction-free  payments all year long.

Resolution #3: Make Sure Your Payment Solution Matches Your New Needs

What a business needs out of their payment solution can change as they grow, and if you haven’t audited your current solution recently then you might be missing opportunities. Whether your 2019 plans call for a mobile-friendly solution that goes wherever you do, or an integrated system that helps manage business operations in addition to payments. If you think that your payment solution doesn’t match with your current needs, make sure to reach out to your payment processor to learn about other options.

Interested in learning more business tips that can set you up for success? Make sure to take a look at our articles 4 Tips for Preparing Your Business for 2019 and 3 Ways Credit Card Acceptance Can Change as Your Business Grows!

The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed. 

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