As conversations swirl about mobile commerce (mCommerce) and e-wallets becoming the standard form of consumer payment in the future, merchants need to meet today’s demands for mobile credit card processing and position themselves for what tomorrow may hold.
What is mobile credit card processing?
There are two primary transaction types involved in mobile credit card processing:
- Accepting credit cards with a mobile device
- Accepting mobile payments from a smartphone
Both have become more and more prevalent and they continue to grow in adoption and usage. And, they both offer additional marketing benefits through integrated gift and loyalty solutions.
Accepting credit cards with a mobile device.
More and more merchants are discovering the financial benefit of having the capability to accept credit cards through a smartphone, tablet or other mobile device. The flexibility of accepting remote payments seamlessly and securely through a portable device allows your sales efforts to extend far beyond your traditional retail store, whether that be a physical space or on the Internet.
Through MerchantWARE Mobile, a virtual point-of-sale payment application, merchants are enabled to conveniently process real-time credit card transactions on the road from any location connected to a Wi-Fi, Edge or 3G network. MerchantWARE Mobile is provided as a free application available to all merchant customers and there are no expenses associated with a wireless terminal and no gateway or cellular access fees.
Accepting credit cards from a mobile device.
Business owners are increasingly aware that consumers are driving change in the payments space through their expanding expectations for mobile payment options. Payment solutions providers, technology companies, and financial institutions are reacting by introducing a myriad of new mobile payment options plus a variety of offers and rewards programs, leading to increased disruption and confusion for merchants. These forces cause business owners to face the difficult question of how to leverage these payment options to grow their business, without committing to one payment option over another.
With this in mind Merchant Warehouse has developed Genius™. An industry first, customer engagement platform that provides merchants with a dynamic and scalable solution to ensure their business is prepared for the future. If you are interested in Genius please speak with one of our sales representatives today, or learn more about Genius here.
Reasons to work with a traditional merchant service provider:
There has recently been a boom in the number of options available to individuals looking to accept credit cards using their mobile phones. However while these options are great tools for a large number of merchants, many business owners will find that the limitations of not working with a traditional merchant service provider make these services a poor fit for their business. Working with Merchant Warehouse allows business owners many attractive options such as chargeback protection, next day funding, no caps on processing volume, and the additional security and peace of mind that comes with working with a processor that understands the credit card processing industry from top to bottom.
To learn more about how Merchant Warehouse can provide business owners with a mobile processing solution crafted to fit their business, you can request a quote and one of our trained representatives will contact you shortly.
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