Accepting Credit Cards on Your Smartphone or Tablet

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Would you be able to serve more people if you could accept credit cards on the go?  Do you transact business outside the office?  Are you a mobile business?  Do you do business at trade shows and other locations?  Do you need to accept credit cards while you travel?  If you answered yes to any of the above questions, you may be a good candidate to accept credit cards on your smartphone or tablet.  One reason for being credit card friendly is a lot of people just don’t carry too much cash any more.  Accepting credit cards could be a plus for your business. 

Many businesses are losing money to the competition because they are not accepting credit cards.  New technology makes it easy to accept credit cards on your smartphone or tablet.  Cash is no longer king.  In today’s world it’s plastic.  If you don’t accept credit cards, a lot of times your customers will go to someone else who does.  Due to a widespread use of new technology, accepting credit cards on the go has become very easy, convenient, and inexpensive.  Previously, if you wanted to accept credit cards on the go you would have to carry around a portable or wireless terminal.  Many times even the smallest wireless terminal was still somewhat bulky.  In addition, the cost of the wireless or portable terminal was expensive.  The expense and the size of the wireless terminal made it unattractive and inaccessible for many businesses. 

Now, there is a new kid on the block.  You can now accept credit cards on your smartphone or tablet just by attaching a small credit card reader.  This small credit card reader will easily fit into you pocket or purse.  Whenever you need to accept credit cards on the go, just plug in your credit card reader.  Some companies will even provide the credit card reader free.

Some of the applications where accepting credit cards on your smartphone or tablet would be useful are in areas such as garage sales, flee markets, special events, trade shows, hair salons, nail salons, electricians, plumbers, or anyone that does business on the go.  If a business has multiple agents that sell their product or service, you can use this technology to setup multiple accounts that all deposit into the same bank account.  For example, if a pizza company has multiple delivery drivers, the company can install the software for the credit card reader of each the driver’s smartphone and when the delivery driver swipes a credit card the money would be transferred to the company’s bank account.  When a new driver is hired, they could easily be added to the system.

When you decide to get setup choose the company wisely.  It’s a good idea to check the company’s BBB rating.  Just like with a traditional merchant account it is important to know how long it takes for your funds to transfer to your bank account after a credit card sale.  Depending upon the provider company, it could take from 24 hours to 2 weeks or more.  The money will transfer directly into the bank account of your choice minus the small fees that are charged for processing your credit card payments.  If you want an inexpensive way to accept credits cards you may want to consider this new technology of accepting credit cards on your smartphone or tablet. 

Some companies will give you different cost effective options to choose from to cater to your specific needs.  If you only need to accept credit cards occasionally, some companies will give you a pay as you go option, whereas you would not pay anything until you used the service to swipe a credit card.  On the pay as you go occasional use option, the fee for each transaction is slightly higher than the fee per transaction if you were paying by the month.  Some companies will give you the option to pay by the month and save money on the fee per transaction if you use the service and swipe credit cards more frequently and have a larger credit card volume.  For more information and to see a product demo for more frequent use and larger credit card volume visit http://phoneswipe.com/?source=6856.2, or for more information and to see a product demo for the pay as you go occasional credit card visit http://phoneswipe.com/?source=6856.3.

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