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Mobile Credit Card Processing | Top questions to ask

Posted by Alex Neir on Thu, May 24, 2012 @ 01:21 PM
Mobile Credit Card Processing

The development of mobile credit card processing establishes a cost effective mechanism for any business to expand its reach. As this technology matures the solutions that are available for mobile credit card processing are more abundant, simpler and faster than ever. Is a mobile processing solution right for your business?

As more merchants adopt mobile technology it’s easy to argue its influence on simplifying sales. A mobile credit card processing solution can be used to transact sales from anywhere a cell phone can be used. This produces an environment in which revenue can be generated virtually anywhere. A mobile processing solution augments your payment acceptance options weather you have a retail store, ecommerce site or mobile sales organization. Here are the top questions to ask yourself as mobile processing solutions become more affordable and available.

Top questions to ask

  • What do my customers expect? If I don’t have the ability to accept a credit card will that cost me a sale?
  • Are there sales opportunities outside of my traditional sales channel? If so, how do I reduce my risk of fraud, prevent losses and lower my processing costs?
  • Do I own a smart phone or tablet and would it be convenient if it were a credit card terminal?
  • Would it benefit my business to have more customer information such as phone, email and address?

If you answered yes to even a small portion of these questions than a mobile credit card processing solution is a good fit. The convenience of having a payment processing solution tied to your iPhone, iPad, Android phone or tablet makes any situation a revenue generating opportunity. This technology is how contractors, inspectors, delivery services, caterers, therapists, etc. are turning handshakes into income.

Get started with a mobile processing solution.

Tags: Mobile Credit Card Processing, Android Credit Card Processing, iPhone Payment Processing

iPhone Charge Card Processing for Small Businesses

Posted by Alex Neir on Tue, August 16, 2011 @ 11:37 AM
iphone charge card terminal

 iPhone Charge Card Processing for Small Businesses

Just as the iPhone has changed many of the ways that people interact and do business, it is revolutionizing credit card processing.  iPhone charge card terminals usually cost between $80 and $150.  They connect to iPhones and process all major credit cards much like a traditional terminal.  They are generally just as secure as traditional terminals, but less expensive and more mobile.

Security of iPhone Charge Card Terminals

Business owners and customers sometimes fear change.  However, there is nothing inherently less secure about an iPhone terminal as compared to traditional charge card terminals.  The same encryption technology ensures that the cardholder's information is not shared with an unauthorized party, and the mobility of the device allows the card to be swiped right in front of the customer.  Some restaurants have even begun having their waiters and waitresses carry iPhone terminals with them in order to assure the customer that nobody is illegally copying the credit card information.

Some customers may be under the impression that the iPhone itself stores the credit card information.  This is simply not the case.  Much like a traditional terminal does not store information, neither does an iPhone terminal.

Cost of iPhone Charge Card Terminals

In general, the upfront cost of iPhone terminals is less than for traditional terminals.  There usually are not monthly fees associated with iPhone terminals, either.  Most services charge transaction fees of between 1.5% and 2%, just like any other credit card processing service.  

Mobility of iPhone Charge Card Terminals

An iPhone terminal can go anywhere an iPhone can go, which means it can go virtually anywhere.  Although mobile credit card processing is certainly not a new concept, most processing systems were bulky and not user-friendly.  Not only can an iPhone be carried anywhere, it usually is carried everywhere, reducing the chance of missing a sale.  They are also useful for much more than credit card processing.  Employers planning to issue iPhones can be confident that their employees will be receiving many other capabilities that will enhance the business.

The use of iPhone charge card terminals may have other positive effects, as well.  iPhones are cutting edge.  They are efficient but also chic, and businesses may gain credibility with a variety of demographics by incorporating iPhones into a business model.

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Tags: iPhone Charge Card Terminal, Mobile Payment Processing, iPhone Payment Processing

iPhone Payment Processing – Accept Payments with your iPhone

Posted by Alex Neir on Thu, April 14, 2011 @ 10:45 AM
iPhone Payment Processing

iPhone Payment Processing – Accept Payments with your iPhone

Are you looking for an iPhone payment processing solution that is secure and easy? Look no further than the iDynamo by Magtek. The iDynamo is a simple and elegant credit card swipe that attaches easily to the bottom of an iPhone, iPod or iPad. The iDynamo works with the iProcess payment processing application available free, through the App Store.

The iDynamo in conjunction with the iProcess app gives your business a robust and secure mobile payment processing solution. The solution is PCI DSS compliant in which all card holder data is encrypted at the read head, effectively eliminating fraud. The iProcess application automatically displays the encrypted card holder information and allows for a customer signature to be captured directly on your iPhone, iPod or iPad. Customer receipts can automatically be emailed while you maintain a fully executed authorization to collect payment.

iPhone Payment Processing

Made for iPhone

It is important to note that for the iPhone payment processing solution to be fully functional, your business will need a merchant account that is compatible with the iProcess application. The merchant account is necessary for the solution to communicate with the card holders bank to authorize and collect the payments initiated by the iPhone payment processing solution.

For more information including a detailed quote for setting up an iPhone payment processing solution for your business please provide us with the following:

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Tags: Merchant Account, Maxx Payment Gateway, iPhone Payment Processing