Mobile credit card processing has played a vital role in the enablement of businesses to safely accept debit and credit card payments without the hassles of fixed hardware and phone lines. This advancement in technology enables retailers to go wherever their customers are. Mobile credit card processing is constantly evolving in order to keep up with consumers. Over the past five years, the industry has experienced rapid change, affecting both consumers and merchants.
Here are just a few ways mobile credit card processing has changed in the past five years.
1. More Functions
You can now access almost any payment function with the use of your mobile device, such as a smartphone or tablet. You can also send emails or text messages to your customers after making the sale.
2. Apps for iPad, iPhone, and Android
Mobile credit card processing is now very popular among businesses of all sizes. You can now take advantage of different apps for mobile devices which are used to process credit and debit cards. This is an excellent opportunity for small businesses to get reliable and simple ways to accept payments as they eliminate the need for an IT Department to process orders.
3. Increased Usage of Small Businesses
Over the past five years, there has been a significant increase in the number of small business owners who use mobile credit card processing. Small enterprises owners such as antique dealers, crafts sellers, fair vendors, and food truck proprietors have taken the opportunity to increase their sales and cash flow.
Mobile credit card processing changes the way small businesses conduct their sales. This field will continue to evolve for bigger and better things.
If you are interested in learning more about how Payscout can help your business establish a mobile-friendly electronic transaction platform, visit our website or call us at 888-689-6088 today!