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Businesses can expect a 38% jump in the use of mobile credit and debit card
processing in the coming year, according to research firm Gartner. That will amount to
$325 billion worth of transactions for businesses that allow their customers to pay using
a mobile device.
This exciting news is something that small businesses can act on almost immediately.
Mobile card processing capability is relatively easy to acquire and use. In fact, after a bit
of research to find the right type of mobile payment device, and the best provider for
your business, you could be mobile ready within a few hours from now.
Smartphone manufacturers, credit card companies and mobile network operators have
been placing more focus on providing consumers with mobile payment options. Mobile
credit card processing essentially transforms your smartphone or tablet into a card
processing terminal. Also, many of these services make it possible for customers in
retail stores to complete purchases by simply their mobile phone at the checkout.
Important Facts About Mobile Credit Card Processing
Mobile card transactions are carried out securely through credit card processing
services, which are required to meet Payment Card Industry Data Security Standard
(PCI DSS). Security measures such as a payment gateway, software, and secure data
storage facilities minimize the risk of fraud and identity theft.
If your current credit card processing provider does not offer mobile payment
processing, or if you want to shop around to find the right combination of excellent
service and reasonable pricing (always a good idea) you can easily get started by using
InsideUp’s free vendor selection service. It only takes a couple of minutes to fill in our
simple form and we will match you with up to five pre-screened mobile credit card
processing providers, based on your needs.