CardFlight merchants are now using contactless payment transactions more often. These payments have grown by 426% among CardFlight merchants. COVID-19 has made so many people start using touchless payment methods. Let’s dig deeper into the topic and find a payment expert that’ll compare merchant accounts for you so you can pick the best fit for your eCommerce business.
Rise in Contactless Payment Transactions: Compare Merchant Accounts
CardFlight is a provider of payment software. The company’s customers are now completing 426% more touchless payments transactions. Touchless payment options now account for a 195% higher level as compared to the pre-COVID baseline levels. Based on the company’s report, sales have grown, thus accounting for a 97.2% increase in April levels as compared to what has been registered in March 2020.
Overall, no matter the transactions have been made via a touchless card or a mobile phone, they have steadily grown since March 1, 2021. With that being said, it’s high time you started offering more than one payment method to your customers if you aren’t doing so yet.
For this, you need to work with an expert payment processor in the UK. How can you find one? It’s simple: just apply to a respectable processor-comparison specialist in the country that can help you compare merchant accounts so you can make the right choice. Go for a comparison company that provides the most unbiased review of processors at the time of writing.
What the Numbers Show
MasterCard Contactless Consumer Polling 2021 reveals that over ½ of consumers now use this or that type of contactless payments. American Express reports that 70% of the merchants using its card have applied them for touchless payments, and 73% of its merchants are interested in paying their customers via a card or mobile app instead of cash (as of 2020).
In fact, consumers haven’t been adopting touchless payment methods with immense willingness. However, COVID-19 has accelerated the adoption since so many people worldwide were focused on hygienic issues, and contactless payment methods gave them an opportunity to enjoy touch-free payment processing.
So, touchless payment transactions are now up by 426.7% among CardFlight merchants as compared to 2020. The growth of contactless payment options makes it more pivotal than ever to work with a true payment expert so to take your business to the next level with ease.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands how to compare merchant accounts. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice cream on his backyard porch, as should all right-thinking people.