Mobile technology has had an astounding effect on how companies run their business. From internal workings to the way they advertise, mobile business applications have changed the landscape of business in the 21st century. One of many ways that mobile technology is changing the face of business is the institution of credit card processing apps. These apps are innovative and truly special in a way because they are accessible to any business from startups to fortune 500 companies. Apps are no different than any innovative technology and the market is usually flooded as soon a good idea is implemented. With a handful of credit card processing apps on the market already you should probably be thinking about the best way to accept credit cards on an iPhone or Android powered phone.
When everything is taken into account Square takes top prize for credit card processing apps on mobile devices. Square is highly rated in the mobile business app world because of its ease of use. Square has a major advantage over its competitors in the fact that customers do not need any kind of account to use it. As long as consumers have a valid credit card you can just slide their card through the Square Dongle that attaches to your device and go on your way. Square offers benefits that competitors have not been able to match yet like text and email receipts, charitable donations with every transaction, and rewards program management.
Squares closest competitor in credit card processing apps is PayPal. It is not surprising that the company that has changed the way people pay online would eventually change the way we pay with our mobile devices. Though it is designed differently PayPal Here offers a free card reader which plugs into your mobile device. PayPal Here offers many unique features including the ability to take checks as well as all major cards. It also offers a convenient way to track cash payments. One of PayPal Here’s greatest advantages is having the safety and experience of PayPal’s over a decade of banking online.
There are a handful of other credit card processing apps on the market, but none of the stack up to Square or PayPal here. PayPal Here and Square charge a slightly higher percentage fee per transaction, but there is a good reason for this. Unlike these front runners, other apps charge a monthly service fee that can sometimes be pretty steep. This makes it difficult for small businesses and startups to maintain the use of these card processing apps. There are also a myriad of other fees that other credit card processing apps charge that Square and PayPal Here stay away from.
The amount of credit card processing apps on the market is a testament to how important our mobile devices and mobile business apps have become. Given their simplicity and mobility it would not be surprising if these mobile payment stations will replace the traditional card processors that most businesses use today. This technology has come just in time for the growing wants and needs of consumers and businesses in a rapidly changing mobile landscape.
