If I start taking debit cards, are there ways to use my phone and do it on the spot?
By: Ed Fox
If I start taking debit cards, are there ways to use my phone and do it on the spot? What should I look out for when I am searching for a company to service me? Should I just stay with cash and checks, even though many people are not using that means of payment as much, which limits the younger generation from using my services?
Answer:
1. Mobile Credit Card Solutions: Mobile debit/credit card processing is available. In addition to the merchant account information below, you can review articles on mobile credit card processing solutions and considerations at the following websites:
- Sell More With Square: squareup.com
- Mobile Credit Card Processing Made Easy: payments.intuit.com
- Get Paid Anywhere: paypal.com
- Mobile Credit Card Processing Services Reviews: toptenreviews.com
2. Merchant Account Selection: You can review the common considerations when selecting merchant account services at industry websites like the following:
- 6 Essential Questions For Selecting Merchant Services: about.com
- Merchant Services Questions: wellsfargo.com
3. Accepting Credit Cards: The credit card payment option is common among businesses.
Pros of Accepting Card Payments:
• The most common method of payment.
• Easy to accept.
• The convenience of credit cards can increase average sales.
Cons of Accepting Card Payments:
• Increased risk of fraud.
• Processing fees for purchase transactions.
• Another layer of detail to your bookkeeping practices.
4. Merchant Account Services: In addition to your local and online business directories, you can find helpful merchant account/credit card company comparisons, equipment, fee structures, and related information at websites like the following:
- Credit Card Processing Online Services Reviews: toptenreviews.com
- Merchant Account Comparison Chart: infomerchant.net
- Merchant Account Questions: infomerchant.net
- Merchant Account & Credit Card Processing Service: gotmerchant.com
Also, a third party service like PayPal or Google may be a consideration. You can review and compare online payment services at websites like the following:
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