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The market is crowded with a dizzying array of options for accepting credit cards via mobile devices.

#MOBILE CREDIT CARD TERMINAL HOW TO#

>Read related article: Mobile credit card processing myths How to accept mobile credit card payments You don’t even have to bring your mobile device with you to every transaction - your Bluetooth-enabled reader itself is all you need within an adequately short distance. With a Bluetooth-enabled reader, you can accept customer payments within a short distance of your smartphone or tablet.

NFC transactions are processed near-instantly.Īny magstripe, EMV or NFC card reader can be Bluetooth-enabled. Additionally, customers must enter a PIN or scan their fingerprint to approve NFC transactions, adding additional security. NFC data is dynamically encrypted and changes with each transaction, making contactless payments especially secure. More commonly known as contactless pay or mobile wallet payments, NFC facilitates wireless customer payment data transmissions to a mobile credit card reader directly from the customer’s phone. You should also be aware that the data complexity of EMV transactions can lead to slower processing times. If your company swipes (rather than inserts) cards that have EMV chips, you could be held liable for any resulting fraud. That makes EMV mobile credit card payments significantly safer than magstripe payments. Since chip data dynamically encrypts customer payment information, scammers have a far more difficult time accessing this data.

EMV: This is the official term for credit card chip payment.

As such, scammers can steal a customer’s credit card information easily.

Magstripe: These are credit cards that customers swipe to use - the term is short for “magnetic” and “stripe.” With magstripe mobile credit card payments, the customer’s payment information is stored in the card’s magnetic strip, where it is static and unencrypted.

There are three types of mobile credit card readers, each working slightly differently with varying levels of security: These fees may be based on a flat rate, per transaction or a combination of both.Ī mobile credit card reader allows you to accept debit and credit card payments via a mobile device, unlike conventional credit card terminals. While these are all upsides, there is one financial impact to consider: To use a mobile credit card reader, you must pay processing fees. Mobile credit card readers and apps can also enable you to track inventory on the go and offer electronic receipts to your customers.

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If you lose your internet connection, you may be able to make a sale offline and process it later. Some card readers also let you accept alternative payment methods, such as PayPal or Venmo. Mobile credit card readers enable payment through traditional card swipes, chip payments or contactless payments (learn more below).

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You usually have to download a mobile payment processing app to use the reader. Mobile credit card readers explainedĪ mobile credit card reader is a device that you plug into your smartphone’s headphone jack so your phone acts as a credit card reader. It’s a simple process that helps make payment processing easier for small businesses.Įditor’s note: Looking for a credit card processor for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs.

You don’t have to bring a bulky credit card terminal or credit card machine to every sales location as your mobile phone and mobile credit card reader take up minimal space and can allow your company to make money while on the go. You can take your products on the road to trade shows and accept payments at events by using your mobile device and mobile credit card reader. By pairing your smartphone or tablet with a credit card reader add-on, it’s simple to process transactions whether you’re at a conference, a client’s remote work site or simply at home. These devices allow customers to pay anywhere, anytime with a swipe of a card or another similarly quick method.

This article is for small business owners who want to learn more about mobile credit card readers and how to accept mobile credit card transactions.Ĭustomers want to make purchases quickly and easily and small businesses can give them that option with mobile credit card readers.

Consider transaction fees and security measures when accepting mobile credit card payments.

Using a mobile credit card reader is a great way for small businesses to make sales at events and other locations.

Mobile credit card readers make it easier for customers to pay from anywhere, which can give your business an advantage over competitors.