And because PayPass is up to 20% faster** than the average store transaction, you can serve more customers. Better still, customers tend to spend more** with PayPass and appreciate the increased convenience it offers. Your customers get a more valued experience and you can potentially serve more of them. Sounds like a perfect mutually-beneficial relationship.
PayPass Demo
MasterCard PayPass offers your business a valuable competitive advantage and benefits including
- Faster than cash and traditional magnetic stripe cards
- Serve more customers in less time
- Customers spend more per transaction when they are not limited to cash on hand****
- Improved speed and satisfaction promote customer loyalty
- Increased convenience sets you apart from competition
- Fewer cash transactions means less cash handled by your personnel
Your Customers Benefit, Too
- Simpler, faster and more convenient than cash transactions
- No signature needed for purchases of $50 or less*
- Accurate recordkeeping - Purchases appear on cardholder's monthly statement
- Greater sense of security - Card never leaves the customer's hand
Acquirer Benefits
- PayPass cards tend to become the cardholders' preferred card
- Increased spending with PayPass of 28%-42%**
- Cardholders use PayPass cards more frequently, 33%-52% more per account**
- Moves transactions from cash to card
- Helps convert inactive accounts to active "tappers"