Processing Orders With Mobile Credit Cards
It was not possible to use credit or debit cards on a mobile phone. Previously, stand alone terminals were a must when business owners would do transactions with bank cards. It was very inconvenient for people in certain types of industries. Businesses such as landscapers, cleaners, hair stylists, and other industries that get paid remotely are some examples.
Usually, a business would get the customer’s credit card number and key it in the credit card machine or they can also call it in so that the card can be processed. This method is the traditional way of processing payments. Internal credit card fraud could be possible because of this risky method. This made the businesses also susceptible to charge backs because the customer’s signature won’t be binding until the credit card receipt would be signed at that specific time of transaction. You would be able to pay a higher fee for transactions that are keyed in when the card is not present.
These type of transactions still occur today in lots of businesses that are still continuing to process bankcard payments in this fashion. There are now different options available when accepting credit card or debit card payments.
Credit or debit card payments can now be accepted just by using your smartphone or tablet, thanks to the wireless device industry. It is easy and affordable in order to use this type of system. Mobile credit card processing is becoming popular due to this kind of innovation. Remote bank transactions are being processed differently. These innovations have allowed businesses to prevent charge backs, keyed transaction costs, and also minimized risk of credit card fraud.
A credit card processing mobile app is what is needed for you to do this. You can simply complete a merchant application and you can then have access to download the mobile app and have secure log in credentials that will be designated for your business’ bank account. You can get the client’s credit or debit card and make use of the card reader that is connected to the mobile device and swipe it. Once the mobile app would get the information from the card holder, the sale would be completed.
After you have your card reader and mobile reader processing app installed, you will now be able to complete transactions. A business can now just simply swipe the credit car or debit card on their smartphone. After the customer would sign on the touch screen, you can then have their receipt copy emailed.
There are many advantages you can get out of mobile credit card processing. This allows you to boost up revenues due to this new, easy, and convenient process.
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