The Revenue Opportunity Behind COVID-19 for Merchants
By: QR Checkouts
A startup in the fintech sector, QR Checkouts, has come up with an innovative solution for this growing concern.
QR Checkouts has developed a slick little mobile app that allows merchants to provide contactless payments while at the same time generating income to offset all the other costs associated with COVID-19 protection.
The company outlined a business case for merchants that presented the economics behind COVID-19 protection in a retail environment.
HulaPay in Action:
The case study highlights a retail business that has, on average, sixty (60) transactions a day from their in-store customers.
The QR Checkouts app called HulaPay provides a tool for merchants to provide contactless payments with the use of QR codes. HulaPay also allows the merchant to apply a line item on the checkout receipt for COVID-19 protection, where the merchant can apply any charge they see fit.
In this study, with the merchant doing sixty (60) transactions per day and the $2.00 charge they apply for protection, the merchant generates an extra $120 a day or $3,600 a month.
If you look at this on the surface, that would be an extra $43,200 yearly, not bad for a medium size retailer doing sixty transactions per day.
QR Checkouts is providing the app and service for an annual subscription of $995.
Merchants are encouraged to call the QR Checkouts team at 954-543-1776 to start earning with HulaPay today.
(QR) Checkouts' experience in international fintech enables the team to provide ease-of-mind and security to small and medium size businesses in the new reality of 2020+. QR Checkouts' flagship service, the HulaPay platform, provides merchants Touchless Payments as well as services such as Remote Payments and POS Offline Transaction Enablement.