The truth is about 50% of all customers generally do not carry cash when going out. Hence, businesses not investing in worthy mobile credit card readers are likely to lose revenue. There are several mobile credit card processing providers in the market to choose from. You can install one such processing solution to receive on-the-go payments. However, not all of them are created equally. A few are found to process credit cards and others are connected with sophisticated POS software.
Know the 5 best mobile credit card readers
1. Shopify
Shopify is the best choice for pop-up shops. Online small entrepreneurs can now enjoy trying a new type of revenue, namely, in-person sales. Setting up a kiosk or both can help promote your brands and profits. Retailers can enjoy deriving a place to display their wares online. You can also derive an in-person sales solution.
Its online store, and robust mobile app combined with mobile card readers allow you to process payments anywhere. Shopify POS service Basic plan is offered quite reasonably. It offers retail reports, and shipping label support along with a swipe card reader for free for two users. As you upgrade plans, it offers lower fees. Readers and apps work with Android and iOS mobile devices. You can also accept major credit cards.
2. Square
Square comes with an easy-to-set-up feature and is fast. It is undoubtedly the best choice to make for small businesses desiring user-friendly, affordable, and quick credit card receipts on the go. Square Mobile app and Square Reader for Android and iOS are popular and recognizable mobile credit card processors.
You are also offered a card swipe reader for free along with access to the free Square mPOS (Point of Sale) app. It comes with reasonable fees. Major credit cards are accepted including American Express. It works smoothly on all Android and iOS mobile devices. Square’s offline mode allows you to benefit from offline sales.
3. Magstripe Card Reader and QuickBooks Chip
Using this service allows you to track and accept different types of payments including checks, cash, and PayPal through the mobile app. It also syncs efficiently with a QuickBooks account, thereby promising to deliver top-quality robust solutions meant for desktop and mobile users. Those using QuickBooks sales and accounting software can benefit from the GoPayment mobile card reader. Without a valid QuickBooks account, you cannot use GoPayment.
It integrates easily with the QuickBooks software of Intuit. Hence, integrating accounting software with the mPOS system will be quite beneficial for your business. However, it comes with higher monthly costs. You also do not get a contactless payment reader. This means you will not be able to receive ‘contactless’ payments.
4. PayAnywhere
Among the best mobile credit card readers, PayAnywhere is considered to be the cheapest one. Next-day funding and low transaction fees are quite attractive to small businesses. You are also offered a credit card reader for free and do not have to pay any monthly subscription fee.
Per-transaction fees might add up if you take small mobile payments in large volumes. mPOS services of the PayAnywhere app include inventory management, personalized receipts, customer purchase reporting, multilingual customer support, online resources, etc. at no additional charges.
5. PayPal Swipe and Chip Reader
If your business has lots of in-person and online presence, then this is the best option to choose. It is a wonderful choice if you are taking different types of payments like checks and desire next-day funding. When hardware is concerned, PayPal Here is a reputed processing provider for mobile credit cards. All processors of PayPal are Bluetooth-enabled. Thus, you can accept payments from anywhere within your mobile device range. The price structure is quite reasonable.
To ensure the success of your business, you should select the best mobile credit card processing providers in the domain.
