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

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:

• Sell More With Square: squareup.com
• Mobile Credit Card Processing Made Easy: payments.intuit.com
• Get Paid Anywhere: paypal.com
• Mobile Credit Card Processing Services Reviews: toptenreviews.com

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

• 6 Essential Questions For Selecting Merchant Services: about.com
• Merchant Services Questions: wellsfargo.com

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:

• Credit Card Processing Online Services Reviews: toptenreviews.com
• Merchant Account Comparison Chart: infomerchant.net
• Merchant Account Questions: infomerchant.net
• Merchant Account & Credit Card Processing Service: gotmerchant.com

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:

• PayPal: paypal.com