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Going Truly Mobile: Credit Card Merchant Account Services Via iPhone

18 February 2010 2 Comments

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Selling beyond the store
Today’s merchants are a savvy lot. Not only are they more innovative in selling, they are also more open to new concepts to elude tough competition in their respective industries. To enhance earning opportunities and boost sales, merchants have now taken to conduct mobile sales campaign that will take them outdoor and beyond their brick and mortar establishment to gain new customers and ultimately, better profits.

Unfortunately accepting credit card payments outside the store is not as easy as most merchants think. Online merchants who have previously been creative at crafting sales campaigns outside find that they are faced with a problem – how does one accept their customers’ credit cards outside the store? Consider this: a credit card processor is needed to complete the transaction. An exclusive phone network is needed to connect a terminal to the specific payment gateway. Besides, a credit card merchant account should be setup with a payment gateway. What can be done to fulfill these requirements needed to take advantage of the sales opportunities beyond the merchants’ store?

Mobile solutions on the go
The good news is that with the rapid improvements the world of technology is offering us, a new solution is in hand. If you own an Apple iPhone, you will be glad to know of the existence of credit card merchant account services applications. Once downloaded, this app will instantly transform your iPhone into a truly mobile virtual terminal! What’s more, it is compatible with most online payment gateways.

How it works
To obtain a merchant account with any online payment gateway, a setup fee has to be paid as well as monthly charges based on the transactions completed. Some will require merchants to pay a small percentage while others offer another solution in the form of a fixed monthly fee.

A credit card merchant services app for your iPhone can really do wonders for your business. It is convenient, efficient and without a doubt, secure. The payment process is very short but don’t let wary customers deter you from good business opportunities. You just need to explain how secure the application is, and that all sensitive information is encrypted for maximum protection. A card reader is not required when you have this app installed, thus saving merchants the cost of buying one.

Ultimately it is up to enterprising merchants to explore unchartered territories when it comes to selling beyond their brick and mortar stores.

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2 Comments »

  • iCCPay said:

    In Australia and need to process credit cards on your iPhone? Try the iCCPay iPhone App!

  • Adam Atlas said:

    Mobile payment solutions may require regulatory compliance and certainly need careful legal packaging. If you need legal support for your mobile payments business, please give us a call.
    Adam Atlas Attorney at Law – Payments Law
    514-842-0886

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