How does softPOS benefit merchants?

Software Point of Sales better known as softPOS can be used by all types and size of a business. With softPOS a merchant can turn any Android mobile phone into a POS machine and start accepting contactless payments.

SoftPOS addresses a number of problems that merchants might face on a day-to-day basis.

More transaction methods, more customers.

Merchants can now boost their offerings and payment methods to their customers. Merchants can accept contactless payments more cost-effectively and simply. Merchants that could only accept cash because of the hardware being expensive can now start accepting card and contactless payment methods.

A more secure way of accepting payments.

A softPOS solution has to meet all the security certifications for it to be used. The softPOS technology is regulated by the Payments Cards Industry (PCI) and all major card schemes. They ensure that all transactions and card information are safely stored and transmitted. However, merchants do not have to go through all the payment processes.

Consumers can make small payments with ease on a softPOS without requiring a PIN entry, but a PIN is required when the transactions are larger as it provides additional security.

The cost of hardware and maintenance is a thing of the past.

Merchants do not need to invest in and maintain expensive hardware. By using a mobile phone that they already own, they can start accepting contactless payments almost immediately. Merchants will just need to download a softPOS application and they can start transacting. 

Empowers financial inclusion with a more inclusive POS alternative.

SoftPOS gives everyone the freedom to access low-cost, convenient and quick digital payments. With softPOS, merchants can remain relevant and competitive, with very little financial input in the evolving financial world. This is very important for the financial inclusion of small merchants and informal traders.

softPOS is great for merchants that could not afford the maintenance and expenses of traditional POS or mPOS machines. SoftPOS gives everyone the freedom to access low-cost, convenient and fast digital payments directly from their mobile.

At Lipa Payments we believe in the potential of softPOS. If you would like to find out more, contact us or book a demo.