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If I start taking debit cards, are there ways to use my phone and do it on the spot?

By: Ed Fox

 

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If I start taking debit cards, are there ways to use my phone and do it on the spot? What should I look out for when I am searching for a company to service me? Should I just stay with cash and checks, even though many people are not using that means of payment as much, which limits the younger generation from using my services?

 

Answer:
1. Mobile Credit Card Solutions: Mobile debit/credit card processing is available. In addition to the merchant account information below, you can review articles on mobile credit card processing solutions and considerations at the following websites:

2. Merchant Account Selection: You can review the common considerations when selecting merchant account services at industry websites like the following:

3. Accepting Credit Cards: The credit card payment option is common among businesses.

Pros of Accepting Card Payments:
•    The most common method of payment.
•    Easy to accept.
•    The convenience of credit cards can increase average sales.

Cons of Accepting Card Payments:
•    Increased risk of fraud.
•    Processing fees for purchase transactions.
•    Another layer of detail to your bookkeeping practices. 

4. Merchant Account Services: In addition to your local and online business directories, you can find helpful merchant account/credit card company comparisons, equipment, fee structures, and related information at websites like the following:

Also, a third party service like PayPal or Google may be a consideration. You can review and compare online payment services at websites like the following:

Published: May 22, 2014
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Ed Fox

Ed Fox is the Director of Technology for Tarkenton. To assure users of a rich online experience (whether they are customers, employees, partners, or suppliers for a business), Ed combines knowledge of coding language, development and design, content management, and other critical tools. He also focuses on creating an effective website through search engine optimization and a deep and thorough understanding of web analytics. Connect with him on .

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