Mobile card readers allow you to accept payments from anywhere using your mobile phone or tablet. Read and discover how to choose the right mobile credit card reader!
For some businesses and brands, being able to accept credit and debit cards on the go may be the difference between mission out a sale and making a sale.
There are a few people who pay with cash these days. Given the popularity of electronic payment methods, credit and debit cards, one thing is clear – accepting credit cards is a piece of cake for most small businesses, especially today when we have mobile credit card readers.
A mobile credit card reader is a device that connects to your tablet or phone via Bluetooth or headphone jack. The credit card reader’s vendor usually types the transaction amount, dips the card of the buyer, requires a signature, and emails the receipt.
Yes, using a mobile credit card reader can make your job super easy, however, there is one problem – there are so many mobile credit card processing solutions to choose from, and the price isn’t the only factor you should consider when choosing a perfect solution.
We will present you some of the features and other factors you need to keep in mind before deciding which option is best for your business:
- Ease of set up – There are some mobile credit card readers that just make it super easy to start making sales. Others may require credit card checks, background checks, and etc. You need to keep this in mind before you start processing transactions.
- EMV support – You have probably heard about the chip-and-PIN credit and debit cards. The modern credit card readers have two slots – one for EMV chip cards and one for accepting magnetic strip cards. If you run the customer’s chip credit card through a magnetic strip reader instead of inserting into an EMV chip reader, you may be liable for fraudulent transactions.
- Connection to accounting software – There are so many mobile credit card processing solutions that can be integrated with your accounting software including QuickBooks, Xero, FreshBooks, and much more. This can make it easier for you to keep track of your finances.
Only you can decide which mobile credit card reader is right for your business. Before you decide, call the company directly and get pricing quotes which are specific to your business.