Silkpay's Revolutionary POS Terminal: The Future of Payment Solutions
In today's digital age, technology has changed the way we conduct business, communicate, and even make payments. With an increasing demand for fast and secure payment methods, businesses need a reliable solution that can meet their customers' diverse payment preferences. Silkpay's POS terminal is the answer to this need.
As more and more Chinese consumers travel to Europe now, it becomes increasingly important for European merchants to be able to accept popular Chinese payment methods such as Alipay, WeChat Pay, and UnionPay. This is where Silkpay's POS terminals come in. Not only does it accept these popular payment methods, but it also offers wireless, customizable, and easy-to-use solutions for all types of European merchants.
In this article, we will discuss the benefits of Silkpay's POS terminals for accepting Chinese payment methods and why it is the best solution for European merchants.
Alipay, WeChat Pay, and UnionPay in numbers
As of 2020, Alipay had a market share of 54.5% and WeChat Pay of 39.5% in China's mobile payment market. UnionPay had a market share of 6%, but it is still a popular card and QR code payment method among Chinese consumers, especially for large transactions.
Maximizing Revenue with Alipay, WeChat Pay and UnionPay
In today's competitive market, having a performant POS terminal is crucial for a successful business. It not only allows them to accept a wide range of payment methods but also ensures efficient and secure transactions, with professional support and customizable solutions.
One important consideration is the growing Chinese consumer market. Alipay and WeChat Pay dominate China's mobile payment market with 95% of market share combined. UnionPay is also widely used by Chinese consumers all over the world.
As more Chinese tourists and consumers travel to Europe after the restrictions lift, it becomes increasingly important for European merchants to accept these payment methods. In fact, studies have shown that the majority of Chinese tourists would prefer to do shopping in Europe if merchants accept Alipay and WeChat Pay.
Furthermore, UnionPay is also an important payment method for Chinese consumers, especially for large transactions. By accepting UnionPay, European merchants can cater to the needs of Chinese consumers, who represent a significant and growing market. Silkpay's POS terminal accepts UnionPay, Alipay, and WeChat Pay, making it an excellent choice for European merchants who want to tap into this market and increase their revenue.
An introduction to Silkpay’s POS terminals for Chinese payment method acceptance:
Silkpay's POS terminals are designed to meet the needs of all merchants, regardless of their size. The company is committed to providing quality services to small businesses and entrepreneurs, as well as larger businesses.
Our clients can choose between two types of POS terminals for Chinese payment methods, one that supports both card payments and QR code payments, and another that is solely for QR code payments. This flexibility means that merchants can choose the solution that best fits their business.
The two types of POS terminals offered by Silkpay cater to different types of payment acceptance:
Alipay and WeChat Pay payment methods
This POS supports Alipay and WeChat Pay QR code payments.
UnionPay payment method
This POS is designed for UnionPay card payments.
Why choose Silkpay’s POS terminals for your store?
1- Accepting All European Merchants, from Small to Large
Silkpay understands that businesses come in all shapes and sizes, which is why our POS terminal is designed to cater to all European merchants’ needs. Whether you're a small start-up or a large corporation, Silkpay's payment solution can help your business grow and succeed.
Small businesses may face unique challenges when it comes to payment processing, such as limited resources and budget constraints. Silkpay's customizable pricing plans ensure that small businesses can access payment solutions that fit their specific needs and budget.
Additionally, Silkpay's wireless and versatile POS terminal is lightweight and portable, making it perfect for businesses that are always on the move, such as those attending trade shows or selling at pop-up events.
Medium-sized and large enterprises may have different payment processing needs, such as the ability to process large transaction amounts. Silkpay's POS machine can handle high transaction volumes such as €300k. Our POS terminals are perfectly adapted to car manufacturers, jewelry shops, or luxury brands.
Large corporations may also require complex payment solutions that can integrate with existing systems and support multiple locations. Silkpay's payment processing platform can be customized to fit the needs of large corporations, ensuring seamless integration with existing systems and support for multiple store locations. With Silkpay's payment processing platform, large corporations can streamline payment processing and improve efficiency across the organization.
2- Wireless and Easy to Use
Silkpay's POS terminal is a wireless device that does not need to be plugged in, making it easy to use and transport. It can connect to the internet via Wi-Fi or 4G, allowing merchants to process payments anywhere and anytime. This is especially convenient for small and mobile businesses, such as food trucks, market stalls, and delivery services.
3- Accepts the most popular payment methods
Silkpay's POS terminals help merchants access more than a billion consumers through the primary payment methods across China: UnionPay, Alipay, and WeChat Pay.
This ensures that merchants can cater to the payment preferences of all their customers, regardless of where they come from or what type of payment method they prefer.
4- Competitive Prices
Silkpay recognizes that every merchant has unique requirements, which is why they offer customized pricing to fit individual business needs. This means that merchants can select the services they need and only pay for what they use, rather than being forced into a one-size-fits-all package.
In addition, Silkpay offers competitive and customized prices, allowing merchants to save money while still receiving top-quality service. This is especially important for small and medium-sized enterprises (SMEs) and auto-entrepreneurs who need to carefully manage their costs. Check out our pricing.
5- Professional support team
In addition to our competitive pricing, Silkpay also has a professional support team available to help merchants with any issues they may encounter. This ensures that merchants are able to focus on running their business, rather than worrying about payment processing.
Silkpay's support team is available:
By email at: contact@silkpay.fr
Or by phone at: +33 1 85 85 21 49
Conclusion
Silkpay's POS terminals are a reliable and secure payment solution for European merchants of all sizes. With their wireless design, ability to accept a wide range of payment methods, and customizable pricing, Silkpay's POS terminals are a great choice for businesses looking to streamline their payment processing.
In addition, Silkpay's professional support team and commitment to customer satisfaction make them a top choice for businesses that want to provide their customers with a seamless payment experience.
About the author: Silkpay
Based in Paris, Silkpay provides omnichannel and secure payment solutions to help physical stores and e-commerce in Europe accept more than 30 of the world's most popular payment methods: Visa, Mastercard, CB, UnionPay, Alipay+, WeChat Pay as well as Asia-Pacific’s major e-wallets.
Silkpay is a winner of the LVMH Innovation Award. The company was also selected as a finalist for the "Money 20/20" Best Startup and in the "MPE Berlin” Startup Awards. Silkpay also won the "Best Fintech" awards from Capgemini and BPCE.
Silkpay helps merchants deliver the smoothest payment experience to their customers. We are a talented and international team driven by a single goal: to improve the customer experience and make payments simple and secure.