Accepting Credit Cards Payments From Anywhere with iphone Processing Services

Accepting credit cards used to be a huge investment for merchants, from leasing a card swiping machine to working with a bank. With the advent of smartphone processing, mobile devices are the gateway to increased sales and customer access.

Purchased Software

Customized software is available for iphone processing, especially for merchants with a niche business. This software is initially designed by a company that takes a merchant's inventory and database structure into consideration. Once it is engineered, merchants have the software immediately accessible on their smartphone. The designer often works with the smartphone merchant to smooth out any initial issues, such as incorrect inventory counts.

Free Applications

Software that is free and more widely available for iPhone processing is applications, or apps. Downloaded onto a phone through WiFi or cellular data plans, apps link a smartphone merchant with the bank to process credit cards. With instant smartphone processing, merchants can conduct business on a showroom floor or even at a trade show. No cash registers or hard-wired hardware is necessary to seal a product deal and move the customer along with a new purchase.

Hardware That Works

Having iPhone processing without a way to swipe a card makes a merchant appear unprofessional. They are relegated to typing the credit card number into the phone, taking critical time away from both the merchant and customer. Simple credit card hardware easily plugs into a smartphone audio jack and rests on the device's edge. When a merchant is ready to process a card, it is swiped just like a desktop machine.

Swiping Cost

Regardless of the chosen payment system, each card swipe typically costs the merchant a small percentage fee, such as 2.5 percent. For a small business, the ability to process credit cards remotely increases sales dramatically. A small fee for each swipe does not hurt the bottom line significantly. Large businesses that swipe several thousands of dollars in one month can see profit losses. Merchants should look into payment subscriber services. For example, a merchant pays a monthly flat rate fee with lower percentages on each swipe. A lucrative business saves a lot of money with a subscription service.

Identity Safety

The convenience of smartphone processing brings up the question of security. Each time a merchant swipes a card, the information automatically sends to the payment processing entity. No information, from card numbers to full name, remains on the phone after the transaction. If a merchant loses a phone, customer information remains safe with the processing company.

As a merchant, you should look at potential sales that could occur in the field if mobile processing was part of the equation. By analyzing the numbers, it could be a smart move for the entire company to have mobile credit card processing.

Author Bio:

 

The Smartphone merchant solutions will enable you to make payments effortlessly from anywhere in the world. The author of this article describes the enhanced mobile technology through which transactions can be done safely.