Mobile credit card processing, also known as wireless credit card processing allows a merchant to accept credit or debit card payments anywhere. They are convenient for door to door sales, conventions, business expositions, in parking lots, outside sporting events, or other places where accepting cards was previously impossible.
There are different types of terminals for mobile credit card processing. Merchants can use lap tops, wireless terminals, and even cell phones to take card information, receive approval and process sales. They can be used anywhere there is internet. Plus, they can even work offline. Today’s affordable technology makes mobile credit card processing convenient and available to everyone.
There are a number of advantages to using mobile credit card processing. The processors are light weight and easily transported. Plus, they are low maintenance. No extra phone line is needed to operate them, so you can save money by not having to rent one from trade shows. Also, many of the portable terminals allow you to swipe cards, so you get lower rates on processing fees. Overall, mobile credit card processing can increase sales, save time, and reduce operating expenses.
Fees for mobile credit card processing vary, depending on the company you receive services from. In order for the mobile processing to occur, the equipment must be linked to both a merchant account and a payment gateway. Before selecting a provider, be sure to shop around for the best rates and service. Also, read the fine print before signing any agreement and watch for hidden fees. It is not uncommon to pay a small additional monthly charge for the convenience of mobile processing. However, you should expect rates to be similar to those charged for regular land terminal services.