In the past few years, mobile processing has revolutionized the way in which many business models operate, as well as create an avenue for start-ups to get their proverbial feet wet. For example, we all know that most new businesses fail within the first two years.
In the ever-evolving world of payments, it would seem to always be the best of times and, well, not the worst of times, certainly, but let us say the most aware of times, in terms of needing to stay alert to the security challenges in a rapidly changing electronic environment.
As a business owner, you know that many customers prefer to make card payments. If you don’t have a tool for credit card processing, then it is likely that you are making your customers frustrated since they are unable to use their preferred form of payment.
Before the invention of the smart phone and tablet, businesses were limited with the types of transactions that they were able to process. In the store, credit card transactions could be processed through an in-store card reader, but it was difficult to take credit card payments from any other location. For a long time, businesses only accepted cash or check payments when they were on the road or at trade shows, but it sometimes limited the number of customers that could make a purchase.
While a credit card reader can benefit any business, big or small, retail or doorstep, they are also great for vendors who sell products roadside, on-the-go, at Farmer’s Markets, and at various events. If you have been in the business long at all, with no way to accept credit cards, you have certainly lost customers who did not have enough cash on them and had to walk away, even though they did not want to. With technology on your side, there is no reason to lose sales ever again.
No matter what business you’re in, a mobile phone credit card reader can put your business on the go. Imagine the possibilities when you are no longer limited to checks and cash transactions. Imagine being able to set up shop anywhere you’d like and accept payment in any form, including plastic. You can also eliminate the problem of losing up sell opportunities because your customer only has a limited amount of cash. Options start opening up and your bottom line starts increasing.
A credit card reader for your mobile phone can quickly and easily make your business mobile. With a swipe, you can accept credit card payments from anywhere that you are able to connect to the internet. Many businesses that had to rely on cash transactions are now using a phone credit card reader to take their business to the next level and start accepting credit cards.
The better question would be how does a phone credit card reader NOT benefit your business? Accepting credit card payments via your mobile phone means you can accept payments anywhere your customers are. You’re no longer restricted to retail locations, hoping your customer has cash or a check, or calling in a credit card payment. Now it’s as simple as swipe and go!
Mobile phone credit card processing is on the rise. This convenient, flexible payment method allows you to accept credit card payments anywhere, anytime. Long gone are the days that you have to hope your customers have cash, hope their check clears the bank, or miss the opportunity to make the sale because they only want to pay with plastic. Now you can accept payments anywhere your customers are.