As conversations swirl about mobile commerce (mCommerce) and e-wallets becoming the standard form of consumer payment in the future, merchants need to meet today’s demands for mobile credit card processing and position themselves for what tomorrow may hold.
What is Mobile Credit Card Processing?
There are two primary transaction types involved in mobile credit card processing. Both have become more and more prevalent and they continue to grow in adoption and usage. And, they both offer additional marketing benefits through integrated gift and loyalty solutions.
Accepting Credit Cards with a Mobile Device
More and more merchants are discovering the financial benefit of having the capability to accept credit cards through a smartphone, tablet or other mobile device. The flexibility of accepting remote payments seamlessly and securely through a portable device allows your sales efforts to extend far beyond your traditional retail store, whether that be a physical space or on the Internet.
A virtual point-of-sale payment application, merchants are enabled to conveniently process real-time credit card transactions on the road from any location connected to a Wi-Fi, Edge or 3G network.
Accepting Credit Cards from a Mobile Device
Business owners are increasingly aware that consumers are driving change in the payments space through their expanding expectations for mobile payment options. Payment solutions providers, technology companies, and financial institutions are reacting by introducing a myriad of new mobile payment options plus a variety of offers and rewards programs, leading to increased disruption and confusion for merchants. These forces cause business owners to face the difficult question of how to leverage these payment options to grow their business, without committing to one payment option over another.
Reasons to Work with a Traditional Merchant Service Provider
There has recently been a boom in the number of options available to individuals looking to accept credit cards using their mobile phones. However while these options are great tools for a large number of merchants, many business owners will find that the limitations of not working with a traditional merchant service provider make these services a poor fit for their business. Working with SecureGlobalPay allows business owners many attractive options such as chargeback protection, next day funding, no caps on processing volume, and the additional security and peace of mind that comes with working with a processor that understands the credit card processing industry from top to bottom.
Ways to Connect
- There are generally two ways to connect via mobile device
- GPRS is for internet connection and enables you to surf internet from your mobile phone
- CDMA is type of mobile connection and provides the basic connection from the service provider's tower to your handset