With payment technology continually developing, business owners are offered with many options when it comes to how they will set up their business to take payments.

From debit to credit, local to international cards, online payments, subscription payments or those made in-store at the terminal, there are now more ways to pay than ever before.

With payment solutions available for businesses of all shapes and sizes, examining all the options early on will best support you in choosing the right solution that will pay off in the long term.

The best payment solution for your business will differ, depending on your requirements. In this article, we’ll take you through some ways to select the right payment solution for your business. 

The payment solution that works best for your business really depends on what your clients prefer, for example some clients will love purchasing online, while others will prefer in-store. For this reason, determining the type of transactions that your customers prefer will ensure you’re meeting the needs of your customers and ensure that they are returning to you.

Creating an easy transaction experience for your customers will impact your bottom line and the financial growth of your business. That’s why choosing and adapting the right payment solution at your spa is just as imperative as the process of attracting new clients itself.

In this article, we’ll also introduce you to a new payment provider that’s offering no processing fees at the terminal to save business owners from absorbing the costs.

Sky Payments Group was founded in 2012 out of Onset, Massachusetts with a vision of offering no processing fees to support business owners to increase profitability and efficiency.

As Sky Payments Group CEO Ilyssa Grant explains, the company offers no fee processing to eliminate the cost of accepting credit card payments and also offers a banking app to deliver interest on business bank accounts, small business loans and gateway connectivity to support its merchants.

“At Sky Payments, we provide the tools for a business to keep 50 percent more of their profitability,” Ms. Grant said.

“This means that instead of absorbing those costs per transaction, business owners, such as Spa owners, can now free up their cash flow to make that money available for their marketing and building their business."

The way it works is a convenience fee is added to the credit card transaction when the customer chooses to pay with a credit card, which eliminates the cost of accepting credIt card payments for the business owner.

“The business is empowered to offer the same level of service and product quality without having to cut corners by eliminating fees that are not the cost of doing business,” she said.

“Sky Payments Group was an early adopter of the no fee processing program because we saw the value in assisting our partnered businesses with taking back their profits. We’re constantly working to provide innovative solutions that impact the bottom line for operators.”

Ms. Grant said the majority of the consumers choosing to pay with credit cards are receiving awards from the credit card company for the use of the card.

“The cost of these rewards has always been paid by the business accepting the credit card payment,” she said.

“In the past few years, it has become increasingly commonplace for businesses to pass the fee along to the customer receiving the rewards.”

Sky Payments Group also offers ACH check processing, where payments are accepted by check digitally through a gateway without the need for a customer to drop off or mail in a check.It allows the customer another payment option besides credit card that isn’t subject to a convenience fee.

For spa owners, Sky Payments Group provides the tools to increase profitability and efficiency within a week. This means that businesses can realize a 50 percent increase in profitability by making a couple of simple and easy changes to their payment acceptance process.