The Benefits of Mobile Credit Card Readers to Small Business Owners
Mobile credit card readers are essential tools that small businesses use today. These card readers are used by entrepreneurs from various markets. In a study conducted recently, the results showed that over 40 percent of small-scale businesses now own mobile card readers to receive payments. Another 16 percent of small businesses intend to invest in these devices as part of their business plans.
There are many reasons why these readers are growing in popularity. Business owners can receive payments from debit and credit cards without spending a fortune in new POS hardware and applications. Business owners are now able to even take payments from iPhones and Android devices and iPads, easing other payment alternatives apart from checks and cash.
Mobile credit card readers will also be very useful for small businesses which are not immobile including food trucks, repair contractors, and mobile pet groomers. When away from the office these mobile small businesses may need to take payment. With mobile credit card readers, small mobile companies can now receive instant, secure payments which are beneficial to both the owner and the client.
With POS systems and outdated registers, you could not transact business when your systems were down. However, if you utilize a mobile card reader, you can use your smartphone as a convenient way to run our business even when our systems are down, and our registers have malfunctioned.
These devices also assist you to serve your customers better. When your business is rather active especially during holidays, and you’ll find long lines, you can help out the customers by using your mobile reader while the customers remain on the line to take payments. This reduces the average wait times and accentuates the customers’ experience at your store.
If you have a restaurant; you can utilize mobile credit card readers to take payments and ring up meals use without straining your POS machines during busy periods.
Mobile credit card readers are fast becoming the best method for contractors like electricians, repairers, and plumbers to grow their companies. They can receive payments immediately after they offer their services. In the past, these business owners would have to provide their customers with bills or paper invoices creating a long break between services and payment. Sometimes, contractors would need to remind their customers to pay up their dues several times before receiving payments. With credit card readers that are mobile, contractors can swipe at a customer’s debit or credit card immediately allowing for immediate payment. This also saves some precious time spent sending invoices to customers.
Because these cards are fastened with an end to end encryption when swiping their credit cards for payment contractors can ensure the security of their customer.