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WORLDPAY EDITORIAL TEAM
July 15, 2018
UK SMEs need to make the most of every available opportunity to grow their business and boost profits. One business “no-brainer” that should not be forgotten in the rush to accept online, contactless, and smartphone payments, is orders over the phone.
Although comprising a relatively small proportion (around 9%) of total spend, phone sales still represent a valuable opportunity for SMEs. In fact, consumers made 384 million mail and telephone order (MOTO) payments by debit card in 2016, spending a massive £48 billion in the process.
Using Virtual Terminal is simple, with no “tricky” technical set-up required. All you need is a secure internet connection and a web browser. Here’s how it works:
Virtual Terminal helps you maximise profits by enabling your business to accept phone purchases. It also allows you to be far more efficient with your resources — for example, ensuring that staff and card machines aren’t tied up unnecessarily on phone orders when there are paying customers waiting to be served in-store.
Real-time online reporting helps you keep track of payments, and also offers the ability to “drill down” into transactions to view customer order history.
You can also minimise costs by having multiple users on one account, and a 24/7 UK phone support helpline is available to assist with any difficulties.
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