Mobile credit card processing is a fantastic service that will create a surge to sales for any business using this method of getting paid for goods and services. Enabling a client to use their credit cards at anytime and anywhere, that has mobile service increases not only business, but enhances your reputation for service and availability. Processing Mobile credit card processing fees are a big factor. Setup fees, service fees and processing fees all add to the cost of using credit cards. Transaction fees consist of a base rate and a processing fee.
Portable devices such as mobile phones and card readers enable the purchaser of goods or services to swipe their credit cards. The internet is a huge avenue for business that can be tapped into using credit card transactions.
Transaction characteristics other than the exchange of goods and services can also be generated with mobile credit card processing. Customer signatures can be transmitted, sales taxes added, and other things, such as tips can be included in the transaction. After all is said and done, a receipt can be sent to the customer by email.
Mobile credit card processing utilizes encryption to protect the information being used in the transaction. Also, paying for items in this way is actually safer than other methods, since the credit card never leaves the sight of its owner and there is no paper trail created. Credit card information is not stored on the mobile device, but is transmitted directly to the processor, for safety.
The Better Business Bureau (BBB) has issued warnings about scams. A salesperson contacts small businesses and offers them low rates for long-term contracts with no provisions to cancel the deal. In order to obtain services, the business owner winds up paying for the duration of the contract, even when the service is bad.
Scammers rely on the business owners to not do their due diligence because of either being occupied with other things, or just lacking the resources to check out who the person is with whom they are doing business.Another scam is asking for advance payment for services. The businessperson pays for services that they then expect to receive. High pressure sales tactics are another red flag, as well as unwillingness to go into detail about the services.
A good way to protect yourself against scammers is to check them through the BBB. They will supply a report on the company. If the salesperson objects, a good idea would be to either hang up or ask them to leave your premises.