Today, no company is obliged to accept cash payments made with more than 50 coins or provide an electronic means of payment, but this could change by 2024.
According to the call "National Strategy for Retail Payments 2025" recently published by the Bank of Portugal, by 2025 a legislative amendment could be produced that will oblige companies to accept at least one means of electronic payment and encourage the creation and installation of payment solutions that allow the company to receive payments from a smartphone. contactless payments, QR Code e NFC.
At a time when online payments grow and the contactless is becoming the most common form of transaction and the one with the greatest weight in the turnover of physical businesses, we will help your company get on the bandwagon of the Future of Payments in Portugal.
Company Payment Methods
Let's start with the payment methods of a company that makes face-to-face transactions.
Face-to-face payments
With coins and banknotes gradually being replaced by credit/debit cards with contactless technologyIf you're wondering how to get paid by credit card, REDUNIQ has the answer, an answer with three possible solutions:
REDUNIQ Easy
Designed with seasonal or smaller businesses in mind, the REDUNIQ Easy physical POS not only allows you to receive payments by card, but also by MB WAY. For a monthly fee tailored to your business, you get a free terminal, with no membership fees or loyalty periods.
Generally speaking, REDUNIQ Easy offers you the opportunity to:
- Accept payments cashless simplified, contactless, with national and international credit and debit cards, and also by MB WAY;
- The monthly fee is calculated according to your company's monthly turnover;
- Enjoy the functionality DCC - Currency Conversion, a service that allows its international customers to pay by card in their home currency.
REDUNIQ Smart
For companies with a higher turnover and a need to connect to the digital world, such as a restaurant or supermarket, REDUNIQ offers the Android TPA. REDUNIQ Smart, an automatic payment terminal that allows you to make your business more mobile and digital through the following services:
- PIN or contactless payments using national and international cards, contactless, Google Pay, Apple Pay and MB WAY;
- Access and visualisation of transactions carried out on the terminal screen;
- You can join the service Instalments now with UNICRE and install the app on the terminal. This app allows customers to pay for their purchases in between two and six monthly instalments, interest-free.
- TPA with application integration Tax Free in the terminal that saves time, resources and guarantees greater convenience for the entire purchase and VAT refund experience;
- DCC - Currency Conversion, a service that allows customers to pay by card in their currency of origin, in a secure and transparent way;
- Possibility of integrating specific applications for each business area, which guarantees more efficient management of the entire business;
- Possibility of making returns without the card being present;
- Sending the receipt and/or invoice to the customer's email address;
- Parameterisation of the receipt according to the client's needs;
- Sending terminal closing information by email or printout;
- Back-office for managing functionalities such as remote closing, returns, transaction history, etc.
REDUNIQ Soft
Talking about payment methods for companies necessarily means talking about the innovative REDUNIQ SoftThis is a terminal that, in a revolutionary way, gives you the possibility of transforming your smartphone into a real payment terminal and thus fulfils the Bank of Portugal's instructions regarding the implementation of tap-to-phone solutions.
Among the services offered by this app, which turns your smartphone into a mobile POS, we find:
- Possibility of accessing the application on your smartphone or tablet;
- Payments by QR Code, NFC, Contactless (Visa or Mastercard), MB WAY, Google Pay and Apple Pay;
- Receipt sent by email;
- Remote returns;
- Profile customisation;
- Management Backoffice.
Online payments
In the last three years, we've seen an exponential growth in online shopping, which has led to companies without a digital presence setting up extensions of their business in the online world in order to take advantage of widespread consumer demand.
Having become a consumer habit and a source of income for many companies, online shopping nevertheless poses a number of difficulties for businesses, especially in the field of online payments.
As with face-to-face payments, REDUNIQ helps those who sell online, both with and without a website, with two cutting-edge solutions, such as the REDUNIQ@E-Commerce and the REDUNIQ@Payments.
Let's start with the first:
REDUNIQ E-Commerce
You have a website and don't know how accept an online payment securely, quickly and at little cost? REDUNIQ has the answer in the form of the REDUNIQ@E-Commerce solution.
With no membership costs and a monthly fee, the REDUNIQ@E-Commerce will allow you to receive online payments from Visa and Mastercard cards from all over the world while guaranteeing you checkout processes with less friction and a higher sales rate.
To summarise, REDUNIQ E-Commerce offers the following advantages for your online business:
- It guarantees less friction in the checkout process and a higher sales rate;
- It accepts online payments with cards from the main international issuing systems (Visa and Mastercard);
- Simple and fast integration with technical support from REDUNIQ's team of experts;
- There are no membership costs;
- Tuition fee offer;
- It allows you to manage your sales;
- Greater security, since transactions are always verified and validated by the issuing bank and at no point in the process does it have access to the customer's bank details;
- Easy integration with the main e-commerce plugins on the market.
REDUNIQ @Payments
Not all companies have a website, preferring to sell their products and services through marketplaces or selling through social media.
If your company is one of these and you want to receive payments online safely, quickly and conveniently, the solution you are looking for is REDUNIQ@Payments.
Created with online businesses operating without a websiteThis turnkey solution allows you to receive payments online via e-mail, SMS and WhatsApp, by Visa and Mastercard, MB WAY or Multibanco reference.
Among other advantages, the REDUNIQ@Payments turnkey solution offers you:
- Possibility of receiving online payments by WhatsApp, e-mail or SMS (payment link issued via the REDUNIQ portal);
- Fast remote payments (can trigger immediate payment to the customer's mobile phone);
- Simplification of the whole process in terms of time and costs, since you don't need a website or integration;
- A payment page that recognises the type of browser and adapts automatically to the screen of smartphones and tablets, without the need for any adjustments on your part;
- No monthly fees, no minimum income (you only pay the fees for the payments you make) and no fixed costs.
