Payatrader enables businesses to accept immediate payments via its dot.mobi service, take payments online and over the telephone using a virtual terminal, a service which can also be used to build a customer email database so traders can email future payment requests to their regular customers.
In addition, Payatrader will also appeal to those renting a traditional terminal, to accept their telephone and online payments, using the virtual terminal and website payment buttons offered with the service.
Until now, accepting card payments has not been economically attractive for small traders due to the associated monthly and minimum usage. This means that these groups, typically card users as consumers, have had to rely on payment by cheque or cash in their businesses and confront with issues such as delayed, missing and failed payments.
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