All About Mobile Order Processing
It was not possible to use credit or debit cards on a mobile phone. Using the old way, in order to process your card, business owners would have to use stand alone terminals. Industry people who had an “on the go” aspect would find this system very inconvenient. Examples of these industries would be landscapers, hair stylists, house cleaning, or other businesses that would receive payments remotely.
In order to process a transaction, the business owner would either call in the client’s credit card number, or put that information in the credit card machine. This would be the usual system. Internal credit card fraud could be possible because of this risky method. Charge backs are also increased in this system since the transaction won’t be final unless the credit card receipt would be signed at time of transaction. Transactions that are keyed in will also be processed at a higher cost if ever 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.
Your smartphone or tablet can be used as a device that can accept these credit card or debit card payments and this is due to the wireless device industry. You wouldn’t need a lot of investment to do this. This type of innovation has made mobile credit card processing a possible thing. Transactions through cards are now being accepted in a different way. 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. Set up for this would involve a simple merchant application form and the business owner would then obtain access to download the mobile app and also have log in credentials which is connected to their bank account. When swiping your customer’s card, you can use a card reader that will be plugged into your mobile device. The mobile app would then be connected to the details of the credit card and the sale would be completed.
After you have your card reader and mobile reader processing app installed, you will now be able to complete transactions. By swiping the credit card or debit card, you can now use it on your mobile. 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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