Mobile Credit Card Processing
Mobile Credit Card processing is using mobile devices, or mobile phones to take payments with credit cards. It is becoming more and more necessary in the business world of today, from salesman out on the road, to trade shows, concerts, delivery and many other possibilities. Now businesses’ who process cards wirelessly have access to the same authorization networks as regular retail merchants.
Wireless, or mobile credit card terminals can now also process payments at the same speed, or even quicker than standard credit card terminals.
So How Does It Work?
There are 2 different ways for people to set themselves up with mobile credit card processing. The first way is to use software, or a physical ‘swiper’ that integrates with a mobile phone, or cell phone, from independent companies. These companies just charge one off fees every time a transaction is made. The second is to use a mobile merchant account with a wireless credit card terminal, or cell phone software.
With the first option people do not need to worry about applying for an account, or signing a contract. However, the processing costs are much higher. For anyone other than very occasional users, a mobile merchant account will be much cheaper.
Merchant Accounts also have the other advantage of offering much better service. Using services from companies who just charge per transaction can have problems. These companies are often working with the minimum of technological infrastructure, whereas Merchant Account providers are continually investing in theirs. If the network goes down for any length of time, cards cannot be processed and potentially profits are lost. Merchant Account providers keep any technological problems to an absolute minimum
So a merchant account is best?
Yes, but there are also disadvantages with some merchant account providers. Firstly not all merchant account providers are the same. They range from excellent to very bad, and working out which is which is not easy.
The main problem is that it is a very competitive industry and subsequently some providers are not completely upfront about all of their charges, so when they quote ‘rates’ they don’t include other extras, such as set up fees, statement fees, monthly minimums, contract cancellation fees, etc.
These ‘extra’ fees can actually make processing much more expensive than people had initially thought. Also, the quality of service varies from company to company as well.
It’s a problem and we often hear about from people who have signed up for merchant accounts for the low cost and reliability, only to find out that their provider is not as cheap, or as good as they thought.
Industry Review
So to help people that want to benefit from the lowest processing costs and also have a fully reliable processing service, we have taken a review of the mobile merchant account industry. We have come up with a list of recommended companies that offer low mobile credit card processing costs, as well as being completely upfront about all of their fees, and offer high quality customer service, with a reliable technical infrastructure.
You can find our recommendations below:
Updated:05/10/2012 (2 recommended Merchant Account Providers)
Mobile Credit Card Processing Provider: #1 Choice
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Merchant Warehouse currently offers the best option for mobile credit card processing.
- They can get an account set up for people in just 24 hours, and 99% of all applications are approved.
- They don’t require long term contracts. The contracts they do have roll on a month to month basis and can be canceled at any time. This really gets rid of any disadvantage of being with a merchant account provider. Basically, people get the best of both worlds – low processing costs without being tied into a potentially costly long term deal. There are no long term contracts to sign, the contracts roll on a month to month basis. This means they can be canceled at any time with no cost. It also does not cost anything to get started, or to apply.
- Merchant Warehouse are completely upfront about all the fees they charge. They favor a consultative approach as opposed to the hard sell that is so common in this industry. They educate people about how the industry works, so people are in a position to actually judge which is the best, or cheapest option for them.
- Their overall processing costs are the lowest in the industry. They put a guarantee on that, and pay anyone who can find cheaper $100, (we have not seen this anywhere else in the industry).
- This guarantee is also for equipment, so they offer the cheapest mobile processing machines. The also have a full range of free applications for mobile, or cell phone processing.
- They have an excellent technical infrastructure which they are continually investing in, to ensure any technical problems, or downtime are kept to an absolute minimum. Their customer service teams are available 24 hours a day.
- They have achieved an A+ rating from the Better Business Bureau – the highest level there is, and they were recently voted top merchant account provider by the ETA, who act as an industry watchdog.
The only real drawback of a mobile merchant account with the Merchant Warehouse is that they only offer accounts to those based in the USA.
For those based outside the US we recommend looking at the next option.
Mobile Credit Card Processing Provider Recommended
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They are able to get accounts set up in around 48 hours and approve about 98% of applications.
They have some of the lowest processing costs in the industry and most importantly are completely upfront about their fees.
They can take all the major cards and employ very high quality customer service teams.
The main negative is that they require a longer term contact with their merchant accounts.
They offer accounts to those based outside the US.
Click On This Link For The Charge.Com official Site.
To get going with mobile credit card processing head over to the Merchant Warehouse site, or give them a call on 1.866.372.1152.
>>Click Here For The Merchant Warehouse<<
We always try to stay on top of any new developments in the industry. If you have any comments, or experience you would like to share please contact us.
