Mobile technology is revolutionizing more than just how you talk on the phone or send messages to your friends. These days, it’s changing the way people prefer to pay for purchases. As an entrepreneur, it pays to learn how mobile credit card processing can benefit your business.
To illustrate how quickly this technology is gaining popularity, think back just a few years to 2009. At that time according to Portio Research, businesses throughout the world collected $69 billion in mobile payments. By 2014, it is estimated that this figure will skyrocket to $633 billion. As an up-and-coming business owner, it is to your advantage to jump on the mobile payments bandwagon.
Embracing Mobile Credit Card Payment Strategies
What can you gain by embracing mobile credit card payment strategies? The most obvious answer is convenience. Once you incorporate mobile payment solutions into your business, you will be able to accept customers’ payments via an Internet-enabled iPhone, Android or iPad. This capability does much more than afford you props as a modern, tech-savvy business owner. It also enables you to take a customer’s payment on the spot.
Imagine that you have just made a difficult sale on a particularly busy day in the store to a customer who is pressed for time. As you guide the customer over to the check-out line, your heart sinks as you recognize that several minutes will pass before he can pay and be on his way. How much better would it be if you could process the payment immediately, with no lines or long waits? That truly is what sets mobile credit card payment options apart.
Whether you process your payments at trade shows, render services to customers in their homes or workplaces or simply want to get rid of your stodgy countertop card scanners, it is in your best interest to look into your various mobile payment choices. Because your options are many, you need to assess their various costs, features, levels of security and compatibility with your current system and your mobile devices. Once you do, you can make a wise and well-informed choice that will streamline your business and benefit your customers at the same time.