A mobile card payment machine is also a hand held device attached to the web via a cell phone, which enables you to accept credit card and debit card purchases from anywhere. Unlike other payment terminals, this is a useful gadget if you frequently travel. Its convenience can be really helpful especially if you often attend functions or business meetings overseas. However, its main advantage compared with the traditional one is that you can process payment even while you are on move – provided that you are connected to a high speed internet network like a Wi-Fi or a USB cable.
Credit and debit transactions made through a mobile card payment machine are more secure than those made by a credit and debit transaction terminal. This is because you are transferring only digital items such as checks and cash. And although it is faster to make, you are not likely to incur costly transaction fees as you would with a traditional credit and debit transaction terminal.
To make sure that the processing of credit cards is safe, most devices also includes smart cards. These are called proximity sensor smart cards and they are usually embedded with chips that are protected by the Manufacturers Code of Conduct. They work in conjunction with the device and you only need to swipe the card reader once to make a transaction. They are mostly accepted by restaurants, retail shops and ATM's but some restaurants and shops still accept contactless ones.
Almost all mobile devices which accepts credit cards and disposes of them have to be compatible with android platform. The best option is to download an app which supports android os specifically from the play store. These apps are very user friendly and help you make the whole process very convenient. Plus, they have various features like, sending and receiving email, accessing and searching documents etc which makes life a whole lot easier.
However, all mobile card readers are not designed in the same manner. Some of them accept a specific type of credit cards. This depends on the issuer and the bank which issue them. However, there are several types of mobile card readers available that support almost all the major credit cards including MasterCard, American Express Visa and Discover. These are branded companies which deal with the whole card processing network and they are considered as the leader in the field.
One important aspect you should consider before buying a mobile card reader is the transaction fees. Almost all companies that accept payment via plastic tend to charge transaction fees which are high. However, if you do the math, you will come to know that using the device will save you more than a month of monthly fees. This means that in the long run, you will be able to save quite a lot on your expenditure.
It is important to note that the cost of operating this equipment varies from one brand to another. As a result, it is essential that you go through the terms and conditions of the service provider carefully so that you can get a fair idea of their actual cost. You should also find out whether the company allows their customers to remove transactions fee at any point of time. Most of these devices supports android and blackberry mobile devices and therefore, you must be able to transfer your phone number over to their server in order to make real-time payments without incurring any additional cost.
Once you know the actual cost of operating a Mobile Card Payment Machine, you can easily choose a reputed company which provides you with a Mobile Card Reader which has a zero upfront cost. In case you do not have a credit or debit card of your own, you can always opt for the membership option offered by most of the reputed in-person credit card stores. The company will also provide you with a Mobile Card Processing Software which is absolutely necessary for running your business successfully.