Processing Orders With Mobile Credit Cards
It was not possible to use credit or debit cards on a mobile phone. Businesses would usually have to rely on stand alone terminals that would need landline so that your bank cards can be processed. Industry people who had an “on the go” aspect would find this system very inconvenient. Examples of these industries would be landscapers, hair stylists, house cleaning, or other businesses that would receive payments remotely.
The traditional method would be that these businesses would need to copy the client’s credit card number and put it in the credit card machine or call it in. This is usually how they can process a transaction. Internal credit card fraud could be possible because of this risky method. Charge backs are also increased in this system since the transaction won’t be final unless the credit card receipt would be signed at time of transaction. When a card is not there, keyed transactions would usually incur higher fees.
You can still find companies nowadays that still continue to do these transactions through the traditional methods. There are now different options available when accepting credit card or debit card payments.
Because of the wireless device industry, some companies can now allow your smartphone or tablet to turn into a mobile credit card acceptance portal. It is easy and affordable in order to use this type of system. This type of innovation has made mobile credit card processing a possible thing. Remote bank transactions are being processed differently. You can lessen the risk of credit card fraud, charge backs, and additional keyed transaction costs through these kind of innovations.
You can use a credit card processing mobile app in order to go through this process. Set up for this would involve a simple merchant application form and the business owner would then obtain access to download the mobile app and also have log in credentials which is connected to their bank account. When swiping your customer’s card, you can use a card reader that will be plugged into your mobile device. The transaction would then be completed once the mobile app would work with the credit card information.
The installation of the card reader and mobile reader processing app will allow the transactions to be completed. You can now make use of your mobile device in order to swipe the customer’s card. After the customer would sign on the touch screen, you can then have their receipt copy emailed.
You can gain a lot of benefits when using mobile credit card processing. This allows you to boost up revenues due to this new, easy, and convenient process.