It might sound obvious, but most mobile credit card payment providers require applicants to prove they have a business before they can sign up to use the service. It’s important to take the necessary steps when seeking the right mobile card reader for your business.
#Cellular credit card terminal how to#
Learning how to accept mobile credit card payments isn’t overly challenging, but it requires an understanding of the process and the major players in the market. The market is crowded with a dizzying array of options for merchants looking for an easier way to accept credit cards. How to accept credit card payments on your phone Put another way, with Bluetooth-enabled readers, you don’t have to bring your smartphone or tablet with you to every transaction – your reader itself is all you need within an adequately short distance. With a Bluetooth-enabled reader, you can accept customer payments within a short distance of your smartphone or tablet. Whereas the above three categories describe how customer data is transmitted from a customer to your company’s credit card processor, any magstripe, EMV or NFC card reader can be Bluetooth-enabled. Notably, NFC transactions are processed near-instantly.
Additionally, customers must enter a PIN or scan their fingerprint to approve NFC transactions, adding additional security.
NFC data is dynamically encrypted and changes with each transaction, making contactless payments especially secure. More commonly known as contactless pay, NFC facilitates wireless customer payment data transmissions to a mobile credit card reader directly from the customer’s phone. You should also note that the data complexity of EMV transactions can lead to slower processing times. If your company swipes cards that have EMV chips, you could be held liable for any resulting fraud. This makes EMV mobile credit card payments significantly safer than magstripe payments. Since chip data dynamically encrypts customer payment information, scammers have a far more difficult time accessing this information. This term is the official name for credit card chip payment. As such, scammers can easily steal a customer’s credit card information. This term is the official name for credit cards that customers swipe to pay – the term is a portmanteau of “magnetic” and “stripe.” With magstripe mobile credit card payments, the customer’s payment information is stored in the card’s magnetic strip, where it is static and unencrypted. There are three types of mobile credit card readers: Key takeaway: A mobile credit card reader allows you to accept debit and credit card payments via a mobile device. These devices enable payment through traditional credit card swipes, chip payments or contactless payments. What is a mobile credit card reader?Ī mobile credit card reader is a device that you attach to your smartphone so that your phone can act as a credit card reader. It’s a simple process that helps make payment processing easier for small businesses.Įditor’s note: Looking for a credit card processor for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs. You don’t have to bring a bulky credit card terminal or credit card machine to every event, as your mobile phone and the add-on device take up minimal space and can allow your business to make money. You can even take your products on the road to trade shows and accept payments at the show by using your mobile device and mobile credit card reader.
With customers wanting to make purchases quickly and easily, small businesses are turning to mobile credit card readers to make it easier for customers to pay from anywhere with just a swipe.īy coupling your smartphone or tablet with a credit card reading add-on, it’s easy to process transactions – whether you’re at a conference, a client’s remote work site or simply at home.
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