The rise of e-commerce has meant that brick-and-mortar retail businesses have a completely different set of challenges from a decade ago. Fortunately, some key innovations now give physical retailers a serious way to meet them. In particular, portable point of sale (POS) terminals like the Maya Terminal are improving the basic customer experience by untethering cashiers from their counters. Payment terminal devices like the Maya Terminal and the ultraportable Maya Terminal Lite are making in-person shopping experiences smoother and allowing physical stores to continue to be an attractive option to consumers.
The real question, however, is whether a portable payment terminal machine makes sense for your business. If your daily experiences are similar to those of other Philippine-based retailers, chances are that it does. Let’s look at why you should be adding a portable Maya Terminal to your physical store’s processes:
1. Accept More Payment Options
When it comes to payment acceptance, modern portable terminals far outclass the credit card swipe machines of old. This is an especially important point if your business is part of Philippine consumer retail sector, as buyers can now be expected to pay through a variety of credit and debit cards, via digital wallets, and through QR Ph. A portable POS like the Maya Terminal will allow your store to accept any of these popular payment methods.
2. Faster Checkout Times
There’s a persistent belief in the Philippines that long checkout lines can attract prospective customers because they could signify that a product or service is worth queueing up for. While it’s true that long lines can tell customers what’s worth buying, they aren’t always welcome, especially when one can order similar items online and wait in the comfort of their home. If you’re in the camp of entrepreneurs who believe that fast-moving lines are great for business, then a portable payment terminal is right for you.
With their ability to process a selection of cashless payments, devices like the Maya Terminal empower your staff to complete transactions faster, reducing checkout times and keeping your customers happy. So long as your store has wireless connectivity over Wi-Fi or mobile data, your staff will be able to process payments anywhere in your store, eliminating the need for customers to wait in line at static checkout counters.
3. Flexibility in Store Layout
Since your cashiers no longer need to be in one spot, portable POS terminals can give you the flexibility to adapt your store layout based on evolving needs. This is especially true if you run a high-end boutique or similar business where physical cash transactions are comparatively rare to begin with.
Even if you do still need a static counter for handling physical cash, having a portable payment terminal will still allow your store to adapt to evolving needs, such as when accepting mobile checkouts right on your store aisles, when processing payments during events, or when implementing outdoor pop-ups. Whether your customers are in-store or at a trade show, a Maya Terminal device will let you serve them with no worries.
4. Cashless on Delivery
Portable POS terminals are perfect for completing transactions out in the field for cashless-on-delivery transactions. This makes them indispensable if your physical store also has online sales channels or in-house delivery services.
5. Customer Engagement Opportunities
Since they’re no longer stuck to one spot, your staff members can roam the store to serve customers, providing them recommendations, answering questions, and offering personalized assistance. And as mentioned earlier, this also presents you with the opportunity to process payments anywhere in the store your staff or customer might be. In this way, integrating a Maya Terminal can be key to creating remarkable shopping experiences that keep your customers coming back.
6. Data Collection and Analytics
Advanced POS terminals like the Maya Terminal can be integrated with your electronic cash register and inventory management system to provide you with real-time access to sales data and inventory levels. With these timely analytics, you can identify current trends and optimize your product offerings in step with current customer demands.
7. Enhanced Security and Less Human Error
Security breaches and cashier errors can have serious repercussions for your retail business. Solutions like the Maya Terminal offer enhanced security features alongside smart automation, reducing manual entry errors while safeguarding your business and its customers.
Breathe New Life into Your Physical Retail Business with the Maya Terminal
Whether you have a boutique store or a retail chain, a Maya Terminal device will help your retail business thrive and gain new relevance in the e-commerce era. Sign up for Maya Business today and accept cashless payments anywhere with your very own Maya Terminal or Maya Terminal Lite POS device.
Signing up for Maya Business also entitles you to a Maya Business Deposit account for settling payments made through your Maya Terminal. With a market-leading 2.5% per annum interest rate, you can earn PHP 25,000 a year with just a PHP 1 million deposit. Maya Business Deposit also makes it easy to save on partner and supplier payments with free money transfers via InstaPay and PESONet.
Once your Maya Business application is approved, you’ll also be set up for a Maya Flexi Loan offer worth up to PHP 2 million in just 3 months. Use your loan to refurbish your physical store, create an online sales channel, or purchase new inventory. To receive a more favorable Maya Flexi Loan offer, simply keep using Maya as your primary processor for all wallet and card payments.
Send in your Maya Business application today to order a Maya Terminal and activate other transformative Maya Business solutions.
