An Overview of Mobile Credit Card Processing
Most business owners that need credit card processing services either
have a brick and mortar store or an internet business or both. But what
about those merchants whose business goes wherever they go? Any
business that takes its products and services to the customer instead of
the other way around needs mobile credit card processing.
What Is Mobile Credit Card Processing?
very similar to every other type of processing for credit card
payments: it’s the process of accepting a customer’s credit card,
swiping it through a card terminal, and getting approval for that credit
card payment. The only difference is that the actual terminal needs to
be both mobile and wireless, so a restaurant delivery person can swipe a
credit card at the customer’s door or a jewelry designer can accept
payments anywhere she displays and sells her jewelry.
How to Make Credit Card Processing Mobile
you are a merchant who is in need of mobile processing, there are a few
things you will need before you can accept payments on the go.
Merchant Account Provider
and foremost, you need a merchant account provider. A merchant account
provider is essentially the middleman between you and the credit card
companies. Your merchant account provider will get approval from the
company for all of the credit cards that you process and, once approved,
will process those payments. Merchant account providers vary in fees,
so you may need to do some research before choosing the one that is
right for you. When you do choose one, make sure you confirm that the
provider is able to process mobile credit card payments.
the merchant account provider, the single most important thing you will
need is a wireless point of sale terminal. Like a traditional POS
terminal, many of these machines can swipe a credit card and/or debit
card to process a payment, however, they don’t need a telephone line or
direct internet connection to do it. Some of these wireless terminals
even include printers. If a terminal doesn’t include a printer, you can
find portable printers to work with the terminal that you choose.
your terminal to be wireless, you will, of course, need access to a
reliable wireless network. Talk to your merchant account provider about
the wireless network that they offer with mobile merchant accounts.
However, no matter how reliable the network, you may still encounter
locations where you are unable to access the network. One important
feature to ask your merchant account provider about is a “store and
forward” feature. This allows you to swipe the credit card regardless of
whether or not you have network coverage. The terminal will then store
the information and forward it to your merchant account provider later
when you do have network coverage.
Phoning It In
is another option for those who need mobile credit card processing but
don’t want to deal with all of the equipment. Some merchant account
providers offer a phone-in option which allows you to call in the credit
card information you receive instead of processing it through a
terminal. This option may also be good for those looking for a more
affordable way to accept payments while continuing to be mobile.
Do You Need Mobile Processing?
different types of businesses need wireless processing. The most
obvious are the types of businesses that go wherever the customer is.
This could include any type of delivery service, a massage therapist, or
even a doctor who makes house calls. Some businesses need wireless
processing simply because of the nature of their business: those who
work the arts and crafts fair circuit need to accept payments at
whichever fair they are currently working. But there are many
traditional businesses that could also benefit from becoming mobile.
Retail stores that allow their sales people to accept payments anywhere
in the store can provide their customers with immediate customer service
and more efficient sales.
Once you have all of the elements in place, you’ll be ready to accept payments wherever you are and whenever you need.