5 Things You Should Know About Mobile Credit Card Processing
The mobile credit card processing helps to increase sales
, reduce operating expenses. A wide range of mobile credit card terminals are available nowadays.
Mobile credit card processing Things you should know
The facts you should know about credit card processing are given below:
Check your wireless coverage network: There are different networks for mobile credit card processing. The coverage for mobile credit card processing vary from network to network. Some networks have even phased out. Therefore, you should check the coverage maps of the networks.
Mobile credit card processing fees: You must get to know about the mobile processing fees. Sometimes it includes hidden fees. You must not hesitate to ask questions about fees which you don't understand. It is important to know about the fees so that you don't get a huge statement at the end of the month.
Inform your salesperson if you have a seasonal business: Some mobile credit card processing merchants do business for few months in a year. If that is the case with you, then you should inform the salesperson about the nature of the business. It is necessary because it will help you to avoid problems which can arise when your account reactivates after being inactive for a long period of time.
Printer: Some customers demand receipts. In that case you have to buy a printer. The cost of the mobile printers are around $200.
Give yourself a little extra time: It is a fact that most mobile credit card processing account can be set up within one or two days, but sometimes it takes a bit longer. Therefore, it is advisable that you should think about setting up your wireless merchant account weeks before you are planning to use it.
Benefits of mobile credit card processing
The benefits of mobile credit card processing are given below:
Portable: As the processor is small and portable you can carry it in your pocket.
Accept cards anywhere: It is possible to do credit card transactions in a parking lot, outside a sports event, etc.
Lower rates: You can get lower rates by swiping credit cards.
Increased security: It helps to reduce the amount of cash you handle.
No need of second phone: You can save a lot of money as there is no need of a second phone line.