At the launch, which took place at the Bay Gardens Beach Resort, personnel from small businesses interacted with RBC employees to get a first-hand understanding of the initiative described as the better option for a business if it wants to manage its costs with low and cost effective measures; increase its revenue opportunity by capturing sales; improve its cash flow and efficiency by getting paid faster and rest easy about security because it would not have to worry about carrying cash.
RBC EZPay is a rather simple and easy way to use, according to Kevin Darling, Market Head – Business Banking, Barbados and the Eastern Caribbean, and is suitable for small business owners, taxi/delivery drivers, contractors, plumbers, interior designers, trade show vendors, personal trainers, photographers, etc.
All a merchant needs is a laptop, tablet or a smart phone which will be hooked up to a RBC EZPay credit card reader and he/she is ready for business. The reader is compatible with either Apple or Android smartphones.
Said Darling:“Today we launched a piece of technology that is leading in the marketplace and what it does is that every merchant with a cellphone or a tablet can accept credit card payments. Here’s how it works. Your tablet or smartphone has to be connected to the reader which could be done through Bluetooth. Someone swiped a credit card through the reader which reads it and sends the information to the bank. The bank reads the information and sends a response to the merchant’s smartphone or tablet saying whether the card is approved of rejected. The merchant then sends a receipt to the customer via his phone to the customer’s phone,”
“Darling said, that with EZPay one has the freedom to accept credit cards using a smartphone or tablet.