#the best credit card
How to Choose an iPhone Credit Card Reader Service
It doesn’t matter how small your business is, or how extensive your product line is. If you sell something, you want to be able to accept credit cards. And if you process these payments directly from your iPhone, then you don’t have to worry about the costs of setting up hardware, especially if you aren’t a traditional brick-and-mortar store. Perhaps you are out on the streets, or you want to be able to sell at trade shows and marketplaces. This is where mobile credit card processing services, with accompanying iPhone card readers, can help.
Processing credit cards directly from your Apple smartphone is convenient, simple, and secure. When looking at iPhone credit card readers, you will come across companies that offer only hardware readers. As a small business, though, you should consider a mobile credit card processing service that combines the reader with merchant services. Otherwise, you have to find a payment gateway and a merchant account that will work with your hardware, an endeavor that will almost always wind up being more expensive and complicated. Look for an integrated package where you get a hardware reader and a payment process mobile app, and you will reduce headaches all around. You need to have a merchant account, regardless of which service you go with, and some banks and larger payment processors offer merchant accounts. And some of the mobile credit card processing services offer merchant accounts bundled in.
The features we’ve provided here combine capabilities from both hardware and app. Regardless of what company or solution you ultimately wind up choosing, these are some of the things you need to keep in mind:
Pricing: Check for all the additional fees. Some services offer the card reader for free, while others charge. Some services have a setup fee, or charge ongoing monthly service fees. Find out what the per-transaction fees are, and whether there is a difference in the processing rate by type of transaction.
Hardware compatibility: Make sure the service will provide a physical card reader that you can attach to your iPhone. While some services offer a mobile app and they do work to process credit cards, an actual reader will lower per-transaction fees and will be more secure.
Transaction features: Mobile card readers provide other features to boost convenience and security, such as the ability to capture signatures, accept tips, calculate sales tax, and email receipts directly from the phone to customers. If you need a full-function mobile point-of-sale solution, the service you select needs to be able to handle cash, too. And what happens if you don’t have an Internet connection? Can you still collect payments?
Security: Ensure the service doesn’t store credit card information on the phone, and uses SSL encryption when processing credit cards. The service’s app should be password protected on the iPhone. Ask about encryption and make sure all the data is protected while in transit.
Whether you’re searching for your first iPhone card reader or are in need of a mobile payment processor compatible with your existing merchant account, our side-by-side comparison and company descriptions can help you decide which reader best fits your business.
Check out the vendors below for more detail: