A Look at iPhone Credit Card Readers
>> Wednesday, January 25, 2012
A Look at iPhone Credit Card Readers
There is no doubt that the iPhone has evolved to allow users to do just about anything with it. From finding your favorite restaurant, keeping your schedule straight, and managing finances, the iPhone is a tool more than it is a phone. Now small business owners, large companies and even those who are making extra money at home can use their phone for taking credit card payments. With credit card readers for smartphones, anyone who signs up can take a credit card payment no matter where they are.
Benefits of Mobile Credit Card Readers:
In the past, operating a small business was hard and expensive. The conveniences that many larger companies have were just unaffordable or unavailable to smaller companies. Now the convenience of accepting credit card payments as well as technology that is priced for all users can help your business succeed.
Whether you own a landscaping company, operate a pizza restaurant, or even If you make extra money selling items from your front lawn, smartphone credit card readers allow you to take payments instantly. As your business grows, your technology can grow with it. There is convenience to taking credit card payments instantly and on-site. Any business that spends a majority of their time away from the office can benefit from a mobile payment option.
How it Works:
Smartphones have the ability to add attachments that change the functions of your phone. The credit card readers are one of those attachments. After choosing the service provider you want to use, you will receive the card reader as well as an app to work with it. Simply install the app, attach the card reader, and you are ready to go.
When you are taking a payment, simply slide the card through the reader, enter the amount you are charging, the customer’s information, and have them sign on your phones touchscreen. Now you have successfully completed the transaction. After the transaction is completed, your phone will automatically send a receipt for the purchase to your customers email address for their records.
The Top Providers:
As with any new idea in technology, there is competition in the mobile credit card reader business. There are many companies offering different readers and fees for businesses of all sizes to use. Here is a look at the top 2 providers out there.
Square: Square offers a free card reader when you sign up. They charge a fee of 2.75% of each swiped transaction taken and 3.5% + .15¢ per transaction where the credit card information was entered in manually.
Intuit: Intuit also offers a free card reader for their members. However, they offer various different fees to facilitate companies of all sizes. All transaction volumes up to $1,000 per month come with a fee of 2.70% for swiped transactions and 3.70% for manually entered payments. For larger volumes of transactions, above $1,000 per month, their fees are 1.70% for swipes, 2.70% for manually entered payments, and an additional monthly charge of $12.95.
There is a lot of added convenience to taking credit card payments via your mobile phone. For small businesses, you can now accept credit card payments without spending a lot of money. For larder companies, mobile payment methods can save time, resources, and money. Take a look at your current payment options and see if mobile credit card payments should be included.
There is no doubt that the iPhone has evolved to allow users to do just about anything with it. From finding your favorite restaurant, keeping your schedule straight, and managing finances, the iPhone is a tool more than it is a phone. Now small business owners, large companies and even those who are making extra money at home can use their phone for taking credit card payments. With credit card readers for smartphones, anyone who signs up can take a credit card payment no matter where they are.
Benefits of Mobile Credit Card Readers:
In the past, operating a small business was hard and expensive. The conveniences that many larger companies have were just unaffordable or unavailable to smaller companies. Now the convenience of accepting credit card payments as well as technology that is priced for all users can help your business succeed.
Whether you own a landscaping company, operate a pizza restaurant, or even If you make extra money selling items from your front lawn, smartphone credit card readers allow you to take payments instantly. As your business grows, your technology can grow with it. There is convenience to taking credit card payments instantly and on-site. Any business that spends a majority of their time away from the office can benefit from a mobile payment option.
How it Works:
Smartphones have the ability to add attachments that change the functions of your phone. The credit card readers are one of those attachments. After choosing the service provider you want to use, you will receive the card reader as well as an app to work with it. Simply install the app, attach the card reader, and you are ready to go.
When you are taking a payment, simply slide the card through the reader, enter the amount you are charging, the customer’s information, and have them sign on your phones touchscreen. Now you have successfully completed the transaction. After the transaction is completed, your phone will automatically send a receipt for the purchase to your customers email address for their records.
The Top Providers:
As with any new idea in technology, there is competition in the mobile credit card reader business. There are many companies offering different readers and fees for businesses of all sizes to use. Here is a look at the top 2 providers out there.
Square: Square offers a free card reader when you sign up. They charge a fee of 2.75% of each swiped transaction taken and 3.5% + .15¢ per transaction where the credit card information was entered in manually.
Intuit: Intuit also offers a free card reader for their members. However, they offer various different fees to facilitate companies of all sizes. All transaction volumes up to $1,000 per month come with a fee of 2.70% for swiped transactions and 3.70% for manually entered payments. For larger volumes of transactions, above $1,000 per month, their fees are 1.70% for swipes, 2.70% for manually entered payments, and an additional monthly charge of $12.95.
There is a lot of added convenience to taking credit card payments via your mobile phone. For small businesses, you can now accept credit card payments without spending a lot of money. For larder companies, mobile payment methods can save time, resources, and money. Take a look at your current payment options and see if mobile credit card payments should be included.
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1 comments:
Mobile credit card readers seem to be interesting! Too bad, I am not a fan of smartphones. But I might grab one as soon as I have enough money. Lol.
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