The Value of Electronic Receipts

The Value of Electronic Receipts

Did you know that electronic receipts can save businesses and customers time and money? An electronic receipt ensures:

  1. customers have a strong record of their purchases
  2. can be used as a business tool, and 
  3. helps build trust with customers. 

It is a must-have in this digital era. Nowadays, many shoppers do not even carry cash or checks. Instead, they pay with credit cards, debit cards, or mobile payment apps. Whether you are a small retailer or an online business, you likely collect digital receipts at some point during the checkout process.

  • A digital receipt is a consumer-friendly receipt that captures all the important information from the transaction from the merchant’s perspective. Receipts are factual, simple to read and understand. They consist of default industry-standard information related to the transaction, including the amount paid, tax, total price with tax, and total without tax (comparing or making return claims based on this data). Digitally signing the transaction allows customers to trust them more since you can verify who sent it. Customers can compare prices between competing merchants, receive price alerts before shopping, and receive price guarantee explanations for pricing differences.
  • A digital receipt is a snapshot of a sale or a bill. It can be used as proof of purchase, an invoice, an order confirmation, a packing slip, and more. Technically, you want all your receipts to be digital – both to avoid cluttering your home with paper and to have an electronic copy that you can retrieve from anywhere.
  • Receipts are the last thing you want to spend your time thinking about. Keep all your orders, orders & returns, orders & refunds, orders & adjustments, orders & fees, orders & taxes all in one place for easier accounting and reporting with digital receipts.
  • A digital receipt is a document that shows the details of the transaction made using an online payment system or POS terminal. Most businesses adopt this process to ensure that they will be able to receive proper information about their revenue and expenses. Hence, you must know how to design your digital receipts without consulting an expert. Yes, it is possible and you can create a receipt in just a few minutes that suits your business needs by using a receipt maker. You do not need to be a dab hand in designing e-receipts.
  • Some small companies, freelancers, and home businesses purchase a receipt printer to print-on-demand receipts. This requires a programming interface that can connect to a network or a PC printer, a Wi-Fi interface on the receipt printer, and a computer system with a simple program to produce the receipt. With digital receipts, printing receipts is easy as 1 2 3. You can print a paper receipt from your iPhone or Android.
  • Electronic receipts are an increasingly common business practice. They are convenient, efficient, and environmentally friendly; they allow for detailed tracking of purchases, and they even reduce theft.
  • Receipt management and tracking aren’t fun, but they are unavoidable. With digital receipts, you’ll be able to manage receipts while driving results and improving compliance. It works all while staying lean and trim.

In the e-receipt era, your business needs a way to offer digital receipts to customers—and keep them coming back. You can make a receipt that is customized with a branded digital receipt for your business or organization.

Seize the power of your receipts! Visit the FAQs page for more details