We’ve all heard of it before and most of us have purchased something using a mobile device – I know I have. Let’s face it, the industry is growing and it’s growing fast!
Mobile credit card processing now allows you to bring your business anywhere you want and accept the #1 preferred form of payment by consumers – credit card. Whether you are a retail shop or a service based business, you can certainly benefit from accepting mobile payments, not to mention, get paid on the spot instead of waiting 30+ days for an invoice to be paid. Mobile payments are great for hair stylists, spas, boutiques that attend trade shows, home-based direct sales companies such as Mary Kay and ViSalus, electricians, plumbers, and the list goes on.
We’ve had a lot of interest and questions regarding mobile payments recently so we wanted to take some time to educate you on the different solutions that are available. We understand there are many mobile processing providers out there but we decided to compare our two solutions against Square.
As you can see in the chart above, we’ve analyzed each solution based on factors in which we believe are important when choosing a processing company. The biggest question you need to ask yourself before making a decision is how much you anticipate to process via your mobile device. From our research and experience, we have found that a good rule of thumb is if you plan on processing over $1,500 per month, we recommend our mobile solution #2. This solution allows for a better rate than the others. This rate is determined primarily on your business’ industry and processing volume.
If you plan on processing under $1,500 per month, we recommend our mobile solution #1 that includes no setup costs, no monthly fees, a free card reader, 24/7 phone support, and no minimum processing amount. This solution also offers a slightly lower rate than Square. Click here to sign up for free right now!