Standing in the 21st century where everything is gradually moving towards advancement, COVID-19 has become a major concern. It is hampering the growth of various businesses across all industries and the automotive industry is not an exception. Social distancing has become very important since the arrival of novel coronavirus. Therefore, the automotive industry that generally contributes to transportation is deeply affecting.
Talking about the present situation, many businesses that generally deliver essential services are allowed to keep on their operations. As a result, they are now looking for new and technologically advanced payment methods so that they don’t face any sort of obstruction in maintaining the sustainability of their business.
International Payment Solutions is one of the leading merchant processor solutions and we at IPS understand the objectives of your business. Therefore, we deliver advanced payment terminals that can fulfill the needs of your business. However, we are very pleased to see the effort and the tenacity of the merchants belonging to the automotive industry. We are very much inspired to see the determination of this business community and so, we want to offer some of our advanced payment solutions such as virtual terminal, invoicing, hosted payment page and many more.
The automotive industry consists of various businesses that are contributing to the transportation of people, goods and services. Therefore, these businesses are considered to be an essential service. There are many other businesses that provide essential services and we covered them too. But, here, we will specifically talk about the automotive industry. Businesses in this industry require an in-person visit and so, the employers must add new procedures in order to keep their employees healthy. Otherwise, they will not be able to deliver fruitful services to their customers. But, our advanced payment solutions can help you in this regard and this is why we have made a brief breakdown of this.
Before getting into our advanced payment solutions, we will recommend you go through the rules and regulations set by your government.
Accepting In-Person Payments
We can understand that if you are running an automotive business, you have to accept credit cards in-person. There is no wrong in it but, considering the present situation, you have to avoid it as much as possible. Moreover, you can also keep your physical credit card machines or debit card machines germ-free to prevent the spread of the COVID-19 virus. We have added some tips here regarding this, have a look at them to maintain the cash flow in your automotive industry:
You can use disposable microfiber cloth to keep the physical payment terminals clean
You can also use a disinfectant spray to keep the payment terminals germ-free.
If you have liquid cleaner, do not spray it directly over the payment terminals. You can apply it on a microfiber cloth and then, clean the terminals with the cloth.
Payment terminals are electrical equipment and so, you should avoid using detergents, solvents and other abrasive products.
Sometimes, encouraging customers to use contactless payment methods can also help to prevent the spread of the germs. Visa and MasterCard have recently announced that they would increase the tap and pay transaction limit. The limit was actually $100 per card but, they are going to make it $250. Well, it will actually encourage the customers to pay with tap and pay transaction methods and consequently, they will avoid touching the card machines. Your automotive industry will be flourished.
Accepting Online Payments
COVID-19 has changed the ecosystem of payment method and if you want to survive in this competitive business industry, you have to take your business online. If you are taking your business online, you will have lots of options to receive payments online. We have made a brief breakdown of this, so have a look at the following points:
A virtual terminal is one of the most convenient ways to accept credit card payments online. It is basically the web-based version of your physical payment terminals. The merchant does not need to carry any additional payment tool to accept payment online. You can accept payment from anywhere by logging in to your account. One just needs to put the credit card details of your consumers and our advanced virtual terminal will do the rest. You will also be notified once you receive the payment in your bank account.
If you want to offer a recurring payment system to the customers belonging to your automotive industry. You can easily do this with our Virtual terminal as it supports recurring payment. Along with it, it supports invoice and billing and real-time reporting.
Send Invoice Online
Long gone are the days when merchants need to go to the customer’s house to deliver the invoice. Now, you can easily send invoices online and you can also integrate the ‘pay now’ button so that your customers can directly make payments from there.
Not An IPS’s Merchant
So, if you want to elevate your automotive industry to the next level, you must visit International Payment Solutions that is one of the reputable merchant processors. You need to be a merchant of IPS to avail of its services. So, what are you waiting for? Get in touch with us today.