As mobile payment processing gains more and more of a toe hold in the market, and as smartphone usage continues to increase, more and more businesses are scrambling to accept mobile payments. Now, mobile payments are different from the idea of using an Internet banking service like PayPal via your smartphone, and they’re also different from accessories that allow you to create an iPhone credit card reader; rather mobile payment gives you the ability to read a customer’s smartphone and use it as a form of payment. And while there are systems ranging from Square to Google’s platform that are trying to get into the market, many businesses are still holding off and watching.
The benefits of iPhone credit card readers are directly proportional to smartphone usage among your potential customers. If you’re a broader merchant and you want to offer all of the potential payment options you can to your customers, then mobile payment processing with a service like Intuit might be just the thing to give you a leg up on the competition. On the other hand if your customers by and large don’t have smartphones, or they’ve indicated that using mobile payment processing (more…)