The 6's & 7's of Contactless

The Science of the Squeeze: How 7 Seconds Impacts Your Bottom Line

Queuing is more scientific than most retailers realise. According to a study by researchers at University College London, the British public’s willingness to wait is governed by a strict "Rule of Six."

The Rule of Six: A Summary

• The 6-Minute Threshold: People will wait an average of six minutes before frustration kicks in and they give up.

• The Satisfaction Drop: At 5 minutes and 54 seconds, satisfaction is at 95%. Just six seconds later, as it hits the 6-minute mark, satisfaction plummets to 55%.
• The Social Buffer: Interestingly, a person's resolve to stay in line increases if there are six or more people behind them.
• Personal Space: A six-inch radius of personal space significantly reduces stress and anxiety for the customer.

The 7-Second Advantage

Data from the UK Cards Association reveals that a contactless payment is exactly seven seconds faster than a traditional card payment.

In the high-stakes window of the 6-minute threshold, those seven seconds are the difference between a satisfied customer and a lost sale.

[Image showing a comparison between a slow traditional card transaction and a fast contactless tap]

The Math: What is 7 Seconds Worth?

If you serve 150 customers during a busy period, saving seven seconds per transaction gains you 17.5 minutes of extra service time.

Based on the London average lunchtime spend of £6.60, capturing that extra time allows you to:

• Serve an additional 15 customers per day.
• Increase revenue by nearly £700 per week.
• Boost your monthly bottom line by £3,000.

Can You Afford to Wait?

Contactless spending grew by 222% in 2016, with the food and drink sector accounting for £114bn in transactions. As society moves toward a "tap-and-go" default, speed is no longer just a luxury - it is a requirement for repeat business.

Upgrade Your Speed

To understand how integrated contactless payments can transform your service speed, contact us:

• Phone: 0800 038 5389
• Email: sales@itslolly.com

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