Mobile Processing Takes Off In Service Sectors
Over the course of history people have changed the way they live, entertain themselves, shop and eat. It should come as no surprise that they've also changed their payment preference. Over the course of the last 20 years use of credit cards for payments have skyrocketed. There are currently over 500 million active credit cards circulating in the United States; ecommerce is on the rise and customers are desperate for convenient ways to pay and shop. In recent years a new innovation has, thus, been born to help consumers pay for their goods and services quickly, easily and on the go; Mobile Processing.
Mobile Processing relies on Smartphones and easy-to-use plug-in devices that turn any cellular phone into a credit card processing terminal. Business owners who find themselves constantly on the road are heralding the latest technology as a lifesaver. In the past those in the service industry often met with clients offsite. They then would have to go back to their office to send a bill to the consumer, or they'd have to take a personal or business check from the customer for payment. While both styles of obtaining payment work just fine they are time consuming, carry risks and are simply not convenient.
Business owners who elect to offer mobile payment processing can use their existing phone and order the necessary plug-in card reader. These devices simply plug into the phone's headphone jack and are ready to use with a downloadable application. For those who have iPhone's becoming an iPhone Merchant is as simple as downloading and registering for an app!
an iPhone Merchant and other mobile payment providers can simply allow their clients to swipe their credit card on the phone. The phone than sends the data over a secure connection for authorization. Once authorized payment has been received; easy as 1,2,3.
Mobile Processinghas been highly useful for businesses; partially, because consumers have jumped on board relatively quickly. Paypal, for example, processes about $10,000 a minute in mobile payments. Other payment processing giants are putting up similar numbers. Consumers are now comfortable with the internet and with smartphones. Over half of the cellular space is taken up by smartphones and the number is expected to grow. This level of comfort with all things technology-based has created a receptive audience who is simply in the market for another easy way to pay their bills.
We've come a long way in recent years. Technology and innovation is finally being caught up to by acceptance and business owners of companies both large and small can reap the benefits.
Mobile Processing relies on Smartphones and easy-to-use plug-in devices that turn any cellular phone into a credit card processing terminal. Business owners who find themselves constantly on the road are heralding the latest technology as a lifesaver. In the past those in the service industry often met with clients offsite. They then would have to go back to their office to send a bill to the consumer, or they'd have to take a personal or business check from the customer for payment. While both styles of obtaining payment work just fine they are time consuming, carry risks and are simply not convenient.
Business owners who elect to offer mobile payment processing can use their existing phone and order the necessary plug-in card reader. These devices simply plug into the phone's headphone jack and are ready to use with a downloadable application. For those who have iPhone's becoming an iPhone Merchant is as simple as downloading and registering for an app!
an iPhone Merchant and other mobile payment providers can simply allow their clients to swipe their credit card on the phone. The phone than sends the data over a secure connection for authorization. Once authorized payment has been received; easy as 1,2,3.
Mobile Processinghas been highly useful for businesses; partially, because consumers have jumped on board relatively quickly. Paypal, for example, processes about $10,000 a minute in mobile payments. Other payment processing giants are putting up similar numbers. Consumers are now comfortable with the internet and with smartphones. Over half of the cellular space is taken up by smartphones and the number is expected to grow. This level of comfort with all things technology-based has created a receptive audience who is simply in the market for another easy way to pay their bills.
We've come a long way in recent years. Technology and innovation is finally being caught up to by acceptance and business owners of companies both large and small can reap the benefits.
Source...