For small business owners, figuring out how to accept mobile payments can be overwhelming. Fortunately, that’s where Earnity, a new cryptocurrency marketplace, comes into play, according to Dan Schatt and Domenic Carosa, the fintech experts at the marketplace. Here is a rundown on why mobile payments matter in business and how the platform can help business owners in this area.
Dan Schatt and Domenic Carosa said they hope Earnity can assist small business owners in navigating their digital payment options. Digital payment apps make it easier for customers to make purchases at their convenience. However, using these apps also benefits companies by allowing them to market appropriate offerings, special promotions, and price points to customers based on their purchasing histories, according to Schatt and Carosa.
Recent Nielsen data revealed that more than 50% of Americans spend about three hours on their smartphones each day. For this reason, it is wise for small business owners to make full use of mobile payments. Mobile transactions can happen instantly, and electronic receipts help streamline the shopping experience and simplify the process of returning products if needed. These details might seem minor, but they play a major role in creating a high-quality customer experience—one where each customer feels important, according to Schatt and Carosa.
In addition to founding the new crypto platform, Schatt served as an analyst with Celent, where he oversaw the company’s retail payment practice and managed integrations with premier financial institutions. Schatt also worked as a leading banker with Salomon Smith Barney, in addition to holding positions in Africa, Asia, and Europe with Citigroup.
Carosa has also made a name for himself in the financial payment industry. He is currently the founder and chairman of Banxa.com, a payment service provider that was created in 2013 to service today’s digital asset industry.
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