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How to Adapt to a Cashless Society

  • Presented By: Small Business BC
  • Dates: June 17, 2021
  • Time: 10:30 AM
  • Price: Free

A lot has changed in the past year. One of the biggest changes businesses have seen is the rapid decline in the use of cash. As more businesses are forced to pivot – whether it’s to online, delivery or curbside – cashless payments have become the norm. As consumer behaviours are changing, credit card companies have shifted their fee structure to limit risk and reward secure transactions.

 These changes affect your bottom line as a small business, so it pays to understand the changes. More credit card payments can mean a greater share of fees paid, and many businesses learned hard lessons about proper card acceptance. Now more than ever you need to understand how to not only limit risk but to get the best possible rates per transaction for greater profitability overall.

 Join Jordan Williamson, Senior Product Manager at Moneris, to find out how your business can shift payment acceptance behaviours and learn best practices to limit fee-heavy transactions as well as reduce potential fraud.

 What will I learn?

  • Learn how fees vary depending on the type of transaction
  • Ways to improve profitability while reducing financial risk
  • How payment security and fraud prevention help to protect your business
  • Best practices for card acceptance whether in-person or online