If you can accept credit cards as a form of payment it will significantly increase sales for your business. Furthermore, if you can process those payments directly on your smartphone, it can boost sales even more, especially if your business isn’t always confined to one physical location. Perhaps you are researching mobile credit card processing because you provide goods or services directly to customers on site or at tradeshows and local marketplaces. Maybe you want to give customers in your store the flexibility to purchase products from sales associates, not just the cashier at the register. Mobile credit card processing services issue iPhone card readers to let you accept credit cards wherever you are. Read more about this topic in our articles about iPhone card readers. The three that emerge as best are Flagship ROAMpay, CreditCardProcessing.com, and Leaders Merchant Services.
Mobile payment processing services can vary greatly in cost and features. We rank on price, hardware compatibility and transaction features to reveal the best service.
Some iPhone card reader services charge a setup fee, while others charge for the card reader itself. Beyond these one-time costs, services also charge ongoing fees such as monthly service fees and per-transaction fees. Charged every time you swipe a credit card, per-transaction fees take into account the base rate and the processing rate. The processing rate depends on how you input credit card information. If you swipe the credit card it is lower risk transaction than keying in the card number, which is why it costs less.
Hardware & Compatibility
Services that process mobile payments usually work with a wide variety of popular mobile devices, not just the iPhone. Make sure the service you choose will equip you with a mobile card swiper. While you can use an app on your phone to process credit cards, an actual reader lowers your per-transaction fees because the card is present as opposed to typing in a number.
Mobile card readers provide a number of features beyond credit card processing. There are features that should help boost the convenience, intuitiveness and security of processing mobile purchases. Paired with a compatible mobile device, these services allow you to capture customer signatures and accept tips. You can also calculate sales tax and email receipts from your phone to your clients.
All services in our lineup use SSL (Secure Socket Layer) encryption to secure transaction sessions. The app on the mobile phone is password protected so that if you lose the phone, nobody can get into your account. Furthermore, no credit card information is stored on your phone, so your clients don't have to worry about stolen data.
It is convenient and secure to process credit cards directly from your iPhone. Whether you are shopping for your first iPhone card reader or looking for a mobile payment processor compatible with your existing merchant account, our comparisons and reviews of mobile payment processing services might help you to decide.