Top 3 Mobile Payment Advantages

📱 In recent years, mobile payments have grown in popularity, and you may be wondering if it’s time for your business to accept mobile payments.

A mobile payment solution usually consists of a smart device, like a phone or tablet, and a mobile app. The mobile app connects you to a payment gateway so your customers can pay on location. You can also add a card reader, which lets you swipe the card instead of manually typing the credit card information into your mobile device.

Here are the top three advantages to using mobile payments.

1. Convenience. Mobile payments are convenient. They require only a charged device with a WiFi connection or cell signal, allowing you to accept payments on location—from tradeshows and industry events to craft shows and customers’ homes. You can engage potential customers with your phone or tablet in hand, ready to accept payments in an instant. And when payment options are convenient, customers have a better experience and are more likely to buy.

2. Security. Mobile payments are secure. A mobile payment app worth its salt will use end-to-end encryption and tokenization to protect customer data, and will be just as secure as transactions run from your office or point-of-sale terminal.

3. Cost. It doesn’t cost much to accept mobile payments. If you’re a small business, all you need is a mobile device, mobile app, and merchant account with a payment processor. Card readers aren’t necessary to accept mobile payments, so once you have your merchant account, you can simply download the app and go.
Mobile payments are convenient, secure, and low-cost. We hope this video helps you decide if mobile payments are right for your business.

Other helpful blogs:

➡️ 10 Easy Ways to Collect Payments from Customers

➡️ 6 Myths About Mobile Payments

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