If you’re a tradie or if you run any kind of mobile business, there’s a range of new technology available to help make your life simpler and your business more efficient. An increasingly popular technology helping small business owners involves cashless mobile banking. This gives you the ability to manage your finances via smartphone or tablet, streamline your accounts, reduce paperwork and take payments from credit and debit cards on the spot. There are a number of mobile payment solutions for small business out there, and our favourite is the Square Card Reader.
The Square Card Reader is a popular cashless solution that lets you accept tap-and-go cards, mobile wallets and chip cards, whether you’re on site, on the move or at your counter. If you have a team who work at various onsite locations, Square allows you to monitor and report on how your business is tracking in real-time. Funds land in your account within one to two business days.
Depending on the level of functionality you require, Square allows you to send invoices and personalised receipts and works with popular accounting software such as Quickbooks and Xero.
Nathan Smith from The Plant Society in Melbourne uses Square for his commercial landscaping business and says, “Our team moves around Melbourne on a day-to-day basis. We’re taking payments on the go, at our shop, at markets and onsite with our clients. Square allows us to monitor everything in one place—from employees to sales.”.
Before you proceed
Before choosing a cashless solution for your small business, take time to discuss the product, its costs and functionality to ensure it will fit your business needs.
If you want to invest in new equipment or technology for your business, a small business loan could also help.