Business Gone Portable: The Rise of Mobile Payments Processing
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Posted On :
May-04-2013
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Article Word Count :
518
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Running a successful business involves investing in the right technology. Companies depend on solid technology to please clients, calculate payroll and manage financial matters.
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Running a successful business involves investing in the right technology. Companies depend on solid technology to please clients, calculate payroll and manage financial matters. Since the first credit card readers appeared in the 1980s, businesses have been able to reach a broader clientele, one who uses plastic instead of paper to purchase goods and services. Many small companies fell by the wayside as credit cards superseded cash because they were not able to keep up with a cashless society. Fortunately, the advent of smartphones and new mobile apps has reintroduced small businesses to the global market. With mobile credit card readers, small and big businesses alike can now reach the plastic generation.
Benefits of Mobile Payments Processing
Smartphones make everyday life a bit easier, and this is good news for companies. Big or small, there comes a time when the standard cash register just doesn't cut it. This is especially true for people who run a portable business, such as freelance artists, food truck operators and independent hair stylists. With smartphone credit card readers, these free-spirited entrepreneurs can accept payments on-the-go with a simple swipe of the card on their mobile devices.
Large companies may wonder how a mobile credit card reader can help their business. After all, they may not be as mobile as their food truck counterparts. If in this case, credit card readers present a different and useful feature: they save a lot of money.
The app that corresponds to the reader itself is usually free or very inexpensive, no matter the brand or operating system. The reader comes free with a plan, which is generally incredibly affordable. Large credit card companies charge usage fees to businesses, resulting in a $10 transaction costing a company $4 or more in fees per swipe. With mobile credit card readers, the company charges a flat percentage or contract fee, no matter the brand of credit card or the amount charged. This could save a small business hundreds of dollars or a large business thousands in usage fees.
Implementing Mobile Phone Processing
Companies might shy away from such innovative technology, believing it to be too complex to operate consistently. However, mobile credit card readers are easy to install and operate. Makers of these products have small businesses in mind, so readers work on an individual, user-friendly level. In turn, this means corporations who need credit and debit card processing for fundraisers, booths at business expos or other offsite locations can quickly and easily use these devices. Once you install the app on a smartphone, the device can be attached and coordinated with the software. The readers themselves operate like USB devices; simply plug one into a smartphone and it's ready to take transactions.
Utilizing new technology ensures the effectiveness of small and large businesses. As more people turn away from cash, they will seek out businesses that don't require it. Using a mobile credit card reader in place of or in addition to cash registers guarantees a wider client base, which will result in the enhanced success of a business.
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Article Source :
http://www.articleseen.com/Article_Business Gone Portable: The Rise of Mobile Payments Processing_263889.aspx
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Author Resource :
The author has an immense knowledge on mobile credit card readers. Know more about mobile credit card readers related info in his website.
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Keywords :
mobile credit card readers, truemerchant.com,
Category :
Business
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Business
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