Monday, 4 January 2010

The Latest Options For Mobile Credit Card Processing

Technology and the credit card processing industry have finally given us the options that we need to process cards in all situations and environments. Mobile credit card processing has been largely ignored for a couple of decades, but in the last few years it has become a more viable option.

Unfortunately, even though this type of processing was possible, the equipment required to perform this function was typically outdated, and almost always very bulky. Often, they failed to work properly, if at all, when we needed them to work the most. Business owners lost countless dollars in lost sales, even if they had done everything that they could to accept credit cards outside of their place of business.

Today, we have much better, more reliable options available to us when it comes to mobile credit card processing. Not only are there devices available that are small and lightweight - yet still full featured, but we can also accept credit cards using our mobile phones and blackberries. Often the same companies that sell terminals for mobile use will also sell software that can be used in place of a terminal, and the software can be downloaded using your mobile phones web browser.

Of course, you must consider the fees charged by your mobile phone company for processing orders. The orders are still processed through your processing company, but your phone company will charge your normal rates for connecting you to the processing company via your mobile phone. If you expect a lot of business, you want a mobile phone plan that can cover your processing needs as well.

There are two drawbacks to using phones and blackberries for mobile credit card processing. The first drawback is that your customers cannot swipe their cards. They must hand you their cards, and you must enter their information. Some customers may balk at this, since they are not sure that their information is safe if it is being transmitted over a mobile phone. The information is safe because the highest standard of encryption is used - but your customers may not trust this.

The second drawback to using mobile phones and blackberries is that depending on the capabilities of the mobile phone and the software, you may not be able to store the information for later transmission - known as store and forward. If you are in an area where you are not getting a good signal from your mobile phone service carrier, this could be a problem. You must also consider the fact that you typically cannot print out a receipt from a phone or blackberry.

With all of that said, however, in some situations, the use of mobile phones and blackberries to process credit cards is a viable solution. If it isn't right for your business, however, there is still a wide array of options available to you for mobile credit card processing. You need to work with a company that offers a variety of options, and a sales representative that is has a great deal of knowledge concerning those options.

By Brantley Graham

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