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27 Ways to Accept Mobile Payments


November.17.2014 0 Comments

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Looking to convert your tablet into a point-of-sale (POS) system for your business? Need a way to accept credit cards on your smartphone? There are dozens of services out there for those in need of simple, mobile solutions for business.

Here are 27 mobile payment options for those looking to boost sales and build business with mobile solutions.

 

Apple Pay

Apple’s new mobile wallet lets customers pay for purchases using their iPhone 6 or iPhone 6 Plus. Payment information is stored in their devices, eliminating the need for physical credit cards and cash. Apply Pay is very simple: customers simply hold their devices near a contactless reader and activate Touch ID — Apple’s fingerprint scanning technology on iOS devices — to authorize the purchase. Apple Pay also works for e-commerce and in-app purchases.

Apple Pay uses near field communication (NFC) technology, so you’ll need a POS system that supports the NFC chip. If your current provider doesn’t currently offer NFC equipment, you may have to search for a new vendor to accept Apple Pay.

 

Flint Mobile

You don’t need a credit card reader to accept credit cards — just use your smartphone’s camera. Flint Mobile lets small businesses take credit card payments by scanning the card number instead of swiping the card with an attached dongle or extra hardware.

As a mobile management tool, Flint Mobile can also send invoices for online bill payment, handle cash and checks and manage customized coupons with Apple Passbook integration. Other features include automatic syncing of all transactions, as well as line item information and customer information with QuickBooks accounts. This eliminates time wasted time with manual data entry, while also providing detailed reporting and customer history tracking.

The Flint Mobile app is free to download. Its transaction fees are 1.95 percent for debit card payments, 2.95 percent for credit cards and no fees for managing cash, checks, invoices or coupons.

 

Square

If you’re looking for a no-frills approach to mobile credit card processing, then check out Square. With no monthly fees, no contracts and no merchant accounts, Square is a good solution for businesses that only occasionally need mobile payment processing.

Square links directly with your bank account and accepts payments from all major credit card companies. Its transaction fee of 2.75 percent is a little steep, but with no additional monthly fees, you could end up saving money with Square if you don’t use it regularly.

 

GoPayment

At $12.95 a month, Intuit’s GoPayment for iOS and Android devices is another great option for business owners looking for a mobile credit card processor.

The hardware required for swiping credit cards comes at no additional charge, and transaction fees are competitive, at 1.75 percent of total sales. Intuit also offers a pay-as-you-go option for merchants that’s almost identical to Square’s pricing plan. The swipe rate for the plan, which has no monthly fee, is 2.75 percent per transaction.

If your business is already using QuickBooks or another Intuit Payment Solutions software, then GoPayment might be a great choice for you. It automatically syncs with your accounting software, helping you easily manage your books, even on the go.

 

ROAMpay

Developed by mobile technology company ROAM Data, ROAMpay is a mobile payment processing solution offered by several different merchant service providers. Flagship Merchant Services offers this wireless payment solution at the most competitive rates. The company charges a monthly wireless access fee of $7.95. Each swipe costs 19 cents plus a maximum transaction fee of 1.58 percent.

ROAMpay also partners with several other credit card processing companies, including creditcardprocessing.com, which charges a $7.95 access fee and transaction fees of 20 cents plus 1.55 percent of the total sale. E-commerce exchange also provides ROAMpay to merchants, but pricing is tiered.

For more information on which ROAMpay reseller might be right for your business and a side-by-side comparison of the best mobile credit card processing solutions, check out our sister site Top Ten Reviews’ 2014 mobile credit card processing reviews.


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