Prepaid Cellular Phones - Walk-in Bill payments Solutions
Prepaid Mobile Top-Up Allows individuals to make monthly payments or add mobile airtime minutes to their prepaid phone through a retailer's POS web terminal.
Prepaid Cellular Phones Payments with Bill Payments - offers grocery stores, convenience stores, money service businesses (MSBs), wireless stores, financial institutions or other businesses a complete walk-in payments solution.
Prepaid Profitability Soars with Walk-in Repeat Return Foot Traffic Payments System
Today’s retail store capabilities surpass the features offered by many big box stores. These features include offering walk-in payments, the customers ability to make payments who lives in your store locations neighborhood.
Prepaid solutions can be tied to financial services such as remittance and bill payments, but that may mean competing with stores offering the same services. Does offering such walk-in solutions make sense for every convenience store operator?
No one questions their soaring popularity.
It’s one of those things, if you don’t do it you get left behind. The premise that underlies the convenience store business is the ability to get people in and out of the stores quickly and to offer them the things that make their lives easier. Prepaid cellular payments with bill payments are in essence convenience items. So, as a convenience store operator, would you rather handle these items and enhance your convenience factor or have the sales go to Walmart?.
Payment systems Pioneer expert, suggested that retailers must decide whether or not financial services are part of their mission and, if so, to bolster it with around payments systems.
If a convenience store operator has a lot of financial services business coming in by acting as a bill payment center and they are just selling prepaid cards off of a J-hook, then they’re not going to want to promote cards too much because it’s a strategic conflict.
But if their longer-term strategy is to build payment system repeat foot traffic-based services then they really need to make an effort create an environment where employees are well trained and customers are educated about the many uses of the payments acceptable at their store and how to load money onto the customers requested payment account quickly to maintain the convenience element.
Finding What Works
Payments solutions aside, their are many benefits, especially in urban markets, to offer a host of financial services that include walk-in bill pay, prepaid cellular phone recharge, international top-up, gift cards and re-loadable debit cards.
Those store operators might find it profitable to join a reliable and dependable provider, such as Prepaid Direct Wireless. When the platform become the anchor point for that payment system relationship the merchant owner can drive more foot traffic and potentially increase sales of those payment solutions.
For those convenience stores that develop a strategy around payments financial service, it can be a strong profit driver. But for those who say, You know what, it’s another product like anything else that I sell, it’s going to be very ordinary and never realize its full potential.
The market being served by a given location will dictate how operators should proceed.
If I’m operating a convenience store at a travel center on a small highway with little traffic, then I probably have less of a need to sell financial services, But if I’m operating in a neighborhood where there are lots of customers from diverse economic backgrounds, then it becomes more important for me to become a payments financial services provider because I really am providing convenience of a different kind at that point, you store become need fillers.
Knowing the customer is key. This category is often thought of as a service for the under-banked, or code for lower-income consumers. But that isn’t always the case, Sometimes it’s people who think, I need to pay a bill right now because for whatever reason I didn’t get a notification. Or, I was traveling and the electricity is going to be shut off if I don’t pay it right away. Or, I need to give gift card to somebody right away. It becomes very much a convenience model that extends beyond just goods and into services.
Weighing Factors
Success with prepaid phone services, bill payment services and gift cards and financial services overall depends on the community and its demographics.
We find that those work really well in stores near colleges and universities in addition to urban areas and small towns.
Allowing customers the chance to reload prepaid cellular phone balances quickly and easily gives them the opportunity to buy other good and services. These days you really can’t do anything without a number, The old saying was, cash is king. Well, cash is no longer even existent in this country with younger customers anymore. Everything is mobile. Even plastic is an antiquated concept to some college kids these days. They’re looking to pay with their phones.
The old philosophy is to try to be all things to all people. Store owner got to keep people walking in the door. Any time you say ‘no’ to a customer you risk losing his loyalty for all your other destinations.
Bottom Line
The takeaway, is that if a company approaches a retail store operator about selling one of these prepaid cellular phone carriers, that operator should be asking questions about how it is going to drive repeat visits, and how it fits into his overall operational strategy to increase foot traffic and store visits by customers.
Merchant retailers should also be bringing ideas about how to inform the customers and encourage people to come back and do the payments in there stores. Marketing will play a role in how successful this category is as well.
The first thing chains need to do is train their clerks, so that when somebody brings that account number up to the register the clerk knows exactly what that is. We know there is a lot of turnover at retail stores, and we know that is a challenging aspect to these types of programs, but they need to let people know, This is what this solutions does. It’s not a gift card, it’s a re-loadable card.
The second thing retailers should do is devote space and signage to the products. Tell customers, Here is what this solutions is and here’s how you can recharge it, Depending on the size and scope of your store.
When you market a new movie or a beverage there is a stand-up display and various other ways of doing that, That same kind of activity should happen around a new solution that comes onto their racks.
To learn more how Prepaid Direct Wireless help merchant retailers to increase customers satisfaction with the ultimate discounts with prepaid cellular phones account recharge monthly refills and bill payments systems. Continue to: http://www.prepaiddirectwireless.com
To apply call or CLICK HERE (877)947-3577 or e-mail with any questions: contact@prepaiddirectwireless.com
FOR MORE INFORMATION FOR WHOLESALE PREPAID CELLULAR STATION RECHARGE STATION FOR YOUR BUSINESS CONTINUE TO Bill Payment Services bill payment center retailer, bill payment system for convenience store. Payment system for wireless stores, prepaid cellular payments systems. E-mail or Call 877-947-3577 Today.
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