Processing Orders With Mobile Credit Cards
You would not be able to use your credit card or debit card on a mobile phone before when purchasing items. Previously, stand alone terminals were a must when business owners would do transactions with bank cards. It was very inconvenient for people in certain types of industries. Examples of these industries would be landscapers, hair stylists, house cleaning, or other businesses that would receive payments remotely.
The traditional method would be that these businesses would need to copy the client’s credit card number and put it in the credit card machine or call it in. This is usually how they can process a transaction. This was considered risky due to the fact that it made the business vulnerable to internal credit card fraud. Until the credit card receipt is being signed at that transaction, there is still a risk of charge back since the signature of the customer is not binding. You would be able to pay a higher fee for transactions that are keyed in when the card is not present.
You can still find companies nowadays that still continue to do these transactions through the traditional methods. When accepting credit card or debit card payments, businesses now have various options available to them.
Credit or debit card payments can now be accepted just by using your smartphone or tablet, thanks to the wireless device industry. You wouldn’t need a lot of investment to do this. Because of this type of innovation, mobile credit card processing is become more and more popular. Remote bank transactions are being processed differently. These innovations have allowed businesses to prevent charge backs, keyed transaction costs, and also minimized risk of credit card fraud.
The process works through a credit card processing mobile app. Once you fill up the merchant application form, you can then download the app and have secure log in credentials that is also allocated to the business bank account. You can get the client’s credit or debit card and make use of the card reader that is connected to the mobile device and swipe it. The mobile app would then be connected to the details of the credit card and the sale would be completed.
The installation of the card reader and mobile reader processing app will allow the transactions to be completed. You can now make use of your mobile device in order to swipe the customer’s card. You can then request the client to sign on the touch screen and then you can email them a copy of the receipt.
This new trend of mobile credit card processing is beneficial for many reasons. This allows you to boost up revenues due to this new, easy, and convenient process.
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