If you have credit card processing capabilities, you can now accept credit cards on the fly. Providers of merchant accounts are now allowing you to turn your smartphone or tablet to into a credit card processing terminal. How can you do this, how much does it cost and are there any requirements to accept credit cards wherever you are?
How Can You Accept Credit Cards on the Fly?
If you have one or more merchant accounts, you can connect your account to a device that you attach to your smartphone or mobile device to take credit card payments wherever you are. Customers can now use their credit cards when they purchase paintings at an art festival or when they buy hot dogs from you at the beach or at a youth sporting event. This enables your company to increase sales and cater to those who don’t like to haul cash around when they go out.
How Much Does it Cost?
Surprisingly, it doesn’t cost much to have this capability. In addition to standard merchant transaction fees, it costs about $30 or less to accept credit or debit cards on the fly. For most businesses, this cost can be recouped in only one or two transactions. Therefore, it is something that even the smallest of businesses can take advantage of to increase their customer base.