What is mobile credit card processing & how
does it work?
Mobile credit card processing allows businesses to accept credit card payments
using a mobile device, such as a smartphone or tablet. This can be done either by
swiping the customer's card through a card reader that is attached to the mobile
device, or by manually entering the credit card information into the device. Mobile
credit card processing is convenient for businesses that do not have a physical
location, or that conduct business outside of traditional store hours.
There are a few different ways that businesses can use mobile credit card
processing. The first is through a dedicated mobile credit card processing
service, such as Square or PayPal. These services provide businesses with a
mobile app that they can use to accept credit card payments on the go, and
usually come with a small card reader that can be attached to a smartphone or
tablet. The other option is to use a mobile credit card processing app from your
merchant services provider or bank.
While there are some possible disadvantages to using mobile credit card
processing, such as potential security concerns and higher transaction fees than
traditional credit card transaction processing, the increasing popularity of mobile
devices means that this method of payment is likely to become even more
common in the near future. If you are looking for a convenient way to accept
credit card payments on the go, or if your business operates outside of typical
store hours, then mobile credit card processing might be right for you.