POS Equipment Acquisition Signals Remain Strong Despite Looming Headlines
Will the news of a looming recession impact the amount of new POS opportunities in the next 6 months? Surprisingly, not that much.
A recent survey* of over 674 POS customers revealed:
- 48% believe we are already in recession
- 79% believe we will be in recession by the end of the year
- Of those, only 7% are planning reductions or delays in POS purchase in the next 6 months
Don’t let the headlines get you down. Companies are far stronger entering this economic period than in previous downturns, and the historically low unemployment rate means that the consumer remains relatively strong. That said, enhancing affordability with a more effective financing or subscription capability can help ease any fears you might see from POS customers.
As a leader in POS industry finance, TimePayment can help build the solutions that give customers the confidence to move forward. If you sell point-of-sale equipment, we can help.
*2H22 Greenwich | Sawbux Survey of Commercial Finance Decision Making