Whether you're a retailer, craftsman or entrepreneur, you have everything to gain from accepting contactless payment. During the pandemic, consumers got used to new payment methods. To meet their expectations, equip yourself with a Smart TPE, a device that transforms your smartphone into a payment terminal via NFC technology. How does it work? What are the advantages for you and your customers? Find out in this article.
Smart TPE: what's the context for contactless payments?
Constantly on the rise since 2014, contactless transactions have been particularly successful since the start of the COVID-19 pandemic. In 2020, total settlements via this technology reached the sum of 4.6 billion euros, up 38% on 2019[1].
The measures put in place to encourage card use have had a major impact. Given that 60% of bankcard payments are for less than €50[2], the increase in the limit from €30 to €50 has played a major role in changing consumer habits.
The capabilities of new-generation smartphones are also driving the development of contactless technology. An increasing number of models are equipped with NFC technology, enabling you to pay for your purchases just by bringing your device close to the payment terminal for a few seconds.
The number of local stores offering these types of transactions continues to grow, strengthening local commerce.
To offer these payment facilities to their customers, professionals operating in a variety of locations need to turn to a mobile payment solution. These include mobile carers, hairdressers, home salesmen, craftsmen, cabs and delivery services. The Smart TPE is perfectly suited to your needs: it enables you to carry out contactless transactions from any location with network access.
What is a Smart TPE?
A Smart TPE is an innovative payment solution that lets you use a smartphone as an electronic payment terminal for secure transactions.
This versatile solution supports all types of payment, including contactless and mobile transactions.
Some providers of Smart TPE offer more advanced services to facilitate the overall management of cash receipts. These include the following options:
- recording payments in their accounting files,
- product catalog management,
- personalized receipts sent by e-mail.
Smart TPE meets the new expectations of French consumers. It is also the key to success for retailers wishing to modernize their services and improve the management of their business.
What's in it for the retailer?
Using a Smart TPE gives you greater flexibility: you can collect a payment when you're on the move. Instead of leaving an invoice that your customers will take weeks to pay, you can secure your transaction instantly. This solution also lets you control your entire business from your computer and phone: you can track your sales and other useful data in real time.
The Smart TPE is also much more practical! You have less change to manage, so fewer pos errors and no chance of theft or loss. It also speeds up cash receipts. You save time every day, and so do your customers.
Worried about the security of your transactions? A Smart TPE guarantees the same protection as a conventional payment terminal. The 3DS security used corresponds to the standards imposed within the European Union. When you pay by cell phone, your customers' sensitive data and your own are protected.
A final advantage of the Smart TPE: it offers attractive payment options. Some customers want to minimize cash transactions, which are becoming increasingly impractical. Even to buy a baguette, they want to be able to use their bank card. Between two competing bakeries, the payment options on offer can make all the difference.
What's in it for the customer?
For customers, the Smart TPE is above all a very practical way of paying for their purchases, at any time, even for small amounts.
Then there's the question of security. As contactless cards have a €50 ceiling and a defined number of transactions, fraudulent use of their cards is limited.
How does Smart TPE work?
There's nothing simpler than cashing a payment via your Smart TPE! You'll need a fully operational system, including :
- an iOS or Android smartphone, or a tablet,
- the dedicated application
- a wifi or 3G/4G/5G connection.
Once your Smart TPE is up and running, you can carry out your first transaction. The steps are quick and easy. First, you enter the amount to be paid on the application. Next, hold your Smart TPE over the NFC reader. Finally, if you've set it up beforehand , the receipt will be sent by SMS or e-mail. Fast, simple and efficient!
Before the arrival of the Smart TPE, travel forced professionals to use insecure and delayed payment methods. Today, mobility rhymes with opportunity. With the Easytransac mobile POS solution, you can transform your smartphone into a real payment terminal and streamline your cash receipts.
[1]Wordline
[2]Credit card
Who we are
With more than 60,000 customers, Easytransac capitalizes on a decade of expertise in various payment solutions (distance selling, ecommerce, convenience selling, cashless, mobile payment...).
Recently integrated into the HOPPS group and in strategic alliance with InEvents, Easytransac is at the forefront of innovation in the ecosystem of electronic payments and hybrid and cashless solutions that meet the requirements of e-tailers, event professionals and SMEs.
Our platform simplifies transactions and enriches the user experience, thanks to an intuitive interface and real-time tracking, while ensuring security at every payment.
