Houzz has made it possible for residential builders and design professionals to quickly collect electronic payments in person.
According to a press release published by Houzz on Tuesday (April 25), the company has added a Tap to Pay feature to its Houzz Pro platform for interior design and remodeling that turns iPhones into point of sale (POS) devices.
Alon Cohen, co-founder of Houzz and president of the company, said in the announcement that “builders, remodelers, and designers have told us that they need to process everything from retainers and deposits to change orders more quickly to keep projects running smoothly.” Tap to Pay makes it simple for professionals to get paid in person.
For instance, according to a study released by Visa on Tuesday (April 25), Tap to Pay is currently used for 34% of all in-person transactions in the US. That is an increase of 700% from three years ago and 10% from last year.
According to Visa, 74% of face-to-face transactions outside of the United States are now Tap to Pay transactions.
According to research, retailers are aware of consumers’ growing interest in digital payments and worry that failing to satisfy this demand could hurt their bottom line.
According to “Retail Payments Innovation Year in Review,” more than 75% of merchants claimed that customers would be at least extremely likely to transfer merchants if stores did not provide adequate contemporary capabilities, including alternative payment options.