If you’re not currently selling payment terminal upgrades and offering payment processing services to your customers, you’re missing a huge revenue-generating opportunity that’s only getting bigger. According to Zion Market Research, the global payment terminal market is expected to reach $98 billion by 2022, growing at a CAGR of nearly 14% between 2017 and 2022. Much of this growth is driven by the required EMV migration in the U.S. as well as consumer-driven technologies, such as Apple Pay and Android Pay.
Any customer of yours that accepts credit cards is a potential customer for payment solutions. Retail and restaurants are obvious targets, but so too are doctors’ offices, gyms, salons, parking lots, law firms and so on. Additionally, whether you’re upgrading their payment terminals to comply with EMV chip card regulations or simply providing a better rate and better services through another credit card processor, there’s money to be made—and in the case of processing services, it’s recurring.
To learn more about this opportunity, check out our infographic below, “Everything you need to know about the payments market.” The sooner you get involved, the sooner you’ll see the rewards.
View Payments Market infographic