Let's just say you sell paintings and you are at an art show, displaying all your latest endeavors. Someone comes up to you and ask how much one of your masterpieces are. You tell them five-hundred the customer looks delighted and asks you if you take checks. You tell him no. He pauses, then asks if you take credit cards. You tell him that you only take cash. Disappointed, he walks away and you both lose. He didn't get your painting and you received no money from him. [Please see mobile credit card processing]
This could have been avoided if you had a service that would accept credit cards by using your phone. Due to modern technology, you don't have to take your bulky credit card machine to another show just your cell phone. Here is how it works:
Let's go back to you selling art at a show. The same customer comes into your area and picks out one of your paintings. This time, you don't have to tell him that you only accept cash. He gets out his wallet and gives you his credit card. You call a service on your cell which allows you to accept your customer's credit card. You punch in the numbers on your cell phone's numerical pad, then wait a minute, and a voice will come over the phone to tell you if the credit card has been approved or not. If it has, the money is deposited into your account within 24 hours. The customer takes his new painting and it is a win for both of you.
Now you don't have to worry about "just taking cash" from customers you now can accept credit cards by using any phone. Welcome to the world of mobile credit card processing.