Why P2P is better than Credit Card Payment?
Having a business that accepting Bitcoin Cash Payment and Credit Card payment in almost 3months I noticed that BCH payment is very fast than cash payment and Credit card payment . To be honest this process makes my cashier save time so they are more productive.
I created a test for this process in my mini grocery . Giving a timer in different transaction. The timer starts after all the product being punch and the timer stop after the payment successfully made.
Cash Payment = 1:19-1:23 min. average time the changing is included.
Credit Card Payment = 50 secs-1:30 min. including the presentation of i.d and signing of customer. And sometimes it takes 2mins.
Gift Cheque= 1:30 min/sec - 2mins.
P2P = 10secs (scanning of q.r code and sending payment.
After this test i guarantee that P2P is the winner on this process. Imagine saving more than 1minute time per transaction is a huge help in my mini grocery business. Meaning if you have 60 transaction per day you save 1hour not that bad for busy workplace. Its very suitable in busy place like restaurant, grocery store and gas stations. And in P2P your identity is safe and no more hustle to get your card or cash.
Only weakness that I see in P2P is if you don't have an internet connection or mobile data. But overall experience for this as a merchant is very amazing. I just being honest I'm happy that I tried P2P in my businesses. Mr. @RogerVer thank you so much for this wonderful creation.
I think the only difference between the two payments is the fee transaction.