Merchants Miss Sales Without Wireless Credit Card Processing

Online, August 5, 2013 (Newswire.com) - Lacking The Ability To Accept Mobile Credit Cards - Businesses Lose Sales

Business Daily News reports, "Accepting mobile payments -whether by accepting credit cards in the field or by letting users pay on-site with smartphones -is a must for businesses of all types."

Merchants Report More Impulse Sales With Mobile Money

There is no question about it; the retail-transaction market is ever changing. Creative new technology makes it easy to pay for purchases, anywhere or any time. Wireless credit card processing has forever changed the way the world does business.

During the past decade, businesses have become increasingly mobile. Mobile merchants and service providers such as message therapists, limo drivers, home repair companies and vendors at craft fairs, roadside stands, festivals and trade shows are now able to accept payment using their mobile phone and a portable instant swiping machine.

In the past, mobile merchants were restricted to accepting payments either by check or cash. Cash isn't always convenient. Most consumers are in the habit of paying for purchases with a debit or credit card and often do not carry sufficient cash to pay for an impulse purchase. Savvy merchants know that customers always purchase more when they have the option of using a credit card.

Without the ability to accept credit cards, merchants lose sales. Business owners are often wary of accepting personal checks because of the high risk of fraud. Collecting a NSF check is time consuming and costly. Today mobile merchants have another option: wireless credit card processing.

Wireless payment options are available for every type of businesses, large or small. The small businessman can opt for a plan that allows for accepting credit cards online without a long contract or excessive terminal fee. Plans offered by the majority of providers accommodate any type of merchant and are scalable to expand as the business prospers.

When looking for a m-commerce solution for their customers, small business owners will find numerous credit card processing services to choose from: each offering different features, requirements and fees. Selecting the best company to process your customer's credit card purchase can seem a daunting task. However, it is wise to do the research now or you'll experience difficulties both looking for a merchant account provider and then afterwards if you make the wrong selection!

When shopping services for the best merchant account provider, be sure to compare all of the fees to see how much you're going to end up spending per each individual sale. Some credit card processing providers charge an annual fee in addition to a fee per transaction. Other providers only charge a percentage of each transaction processed.

Wireless credit card processing is portable and so simple to use, freeing business owners of the limitations of cash transactions or the risk of accepting a check. Online payment options are available for all types of businesses, large and small. The small businessman can opt for a plan that allows for accepting credit cards online without a long contract or excessive terminal fee. Plans offered by the majority of providers accommodate any type of business and are scalable to expand as the business prospers.

Tasked with the chore of choosing the best company to process "plastic" sales, merchants are presented with an extensive array of options. There is a seemly limitless amount of financial institutions offering mobile credit card process, many with no contracts, PCI fee, set-up fees or cancellation fees. Several companies offer fees as low as 2.69 percent per swipe or a low monthly fixed fee.

Established providers and a host of new contenders compete in the credit card processing market presenting a broad assortment of plans, fees, options, perks and innovative services. In the market place, increased completion is a good thing. As new financial service companies enter the mobile credit card processing market, marketing research studies indicate an increase in services and a reduction in fees.
As technology advances, it is imperative that business owners stay current industry changes and updates to take advantage of these options to further increase sales and customer convenience.
A leader in the development of Internet technology since its inception, Tej Kohli founded Grafix Software, a privately held company in 1990 to offer turnkey solutions to E-Commerce challenges. Headquartered in San Jose, Costa Rica, Grafix Software is known around the world for its technology and payment gateway services.

Commenting on the rapidly developing technology of mobile money, Tej Kohli stated, "Developers of mobile telephony and payment applications are coming together to change the way world is shifting to mobile and in some of the developing countries there are people who are starting as smart mobile users instead of PC users. This creates a huge demand for companies to take business to mobile. New collaborative approaches are being launched in established markets in the U.S. that effectively turn phones into credit cards. This is real disruptive technology, changing the way that people think about established processes, and at the same time bringing a whole new group of customers and prospects into the market. The new ideas and demands that come with them will continue that process of disruption and change. What's more is that collaboration is going to be global. Countries that used to be referred to as emerging markets have now arrived. Other developing economies are taking their place. Old certainties about who leads the world in innovation are about to be shattered. No-one can be sure where the next solution will come from, but developers in South Korea and Brazil are as likely to avail themselves of the opportunities as those in Silicon Valley."