Hey there! Are you in the market for a mobile credit card processor for your business? If so, you’re in luck! We’ve researched and compiled a list of the six best mobile credit card processors of 2023.
These online payments can handle everything from small businesses to large enterprises.
So, if you’re looking for an easy and efficient way to process credit card payments on the go, check out our list. Keep reading to find out more!
First off, let’s define what a mobile credit card processor is. It’s a device or software that allows you to process credit card or debit card payments using a smartphone or tablet. This means you can accept payments anytime, anywhere.
Imagine the possibilities – no more turning away customers because you can’t process their card, no more missed sales at events or pop-up shops. With a mobile credit card processor, you can keep your business running smoothly and efficiently.
The benefits of a contactless payment go beyond just increased efficiency. These devices also offer improved security for your business and your customers. Most mobile payment processing technologies have advanced security measures to protect against fraud and ensure compliance with industry regulations. This can give you peace of mind and help reduce the risk of data breaches.
Customers will also appreciate the convenience of paying with their preferred method – a credit card, mobile wallet, mobile device, or something else. No need to carry cash or checks – whip out their phone, and they’re good to go. Plus, the streamlined payment process means they can check out quickly and easily, which can encourage impulse purchases.
And let’s not forget about the potential for increased sales. With a mobile payment processor, you can accept payments from a broader range of customers – including those without cash or checks on hand or those who are international. This can open up new opportunities for your business and a small business owner to help drive sales.
One of the main benefits of Square is its ease of use. The credit and debit card app is intuitive and user-friendly, making it easy for even the most technologically challenged users to navigate. It’s also compatible with various devices, including smartphones and tablets, to process transactions from multiple devices.
In terms of fees, Square is known for its transparent pricing structure. It charges a flat rate of 2.6% + 10 cents per transaction, with no hidden fees or long-term contracts. This can be especially appealing for small businesses, as it allows you to easily budget for credit card processing costs.
Square also offers a range of features that can be beneficial for businesses. These include tracking sales and inventory, issuing receipts, and accepting mobile payments. It also integrates with other business tools, such as accounting software and point-of-sale systems, making managing all aspects of your business from one place easy.
Regarding security, Square is one of the few processors that uses advanced encryption and tokenization technology to protect sensitive data and ensure compliance with industry regulations. This can give you peace of mind and help protect your business and customers.
Square is a solid choice for a mobile credit card processing app. Its ease of use, transparent pricing, and range of features make it a top pick for businesses of all sizes.
Clover Go is one of the best credit card processing solutions with various merchant accounts, making it an excellent option for businesses with existing accounts. It also supports barcode scanning, which can be helpful for companies that sell physical products. In terms of point-of-sale capabilities, Clover Go offers a robust smartphone POS that is easy to use and provides a range of business features.
Regarding pricing, it’s important to note that Clover Go’s fees and contract terms vary depending on who you sign up with. There is also a monthly fee associated with the app. However, despite its convenient features and integration with existing merchant accounts, some users have reported poor customer service regarding issues or questions.
Regarding specific pricing, Clover Go charges a monthly fee of $0-14.95, depending on your chosen plan. The app also has a proprietary 3-in-1 card reader for $49. The app charges 2.6% + 10 cents for card-present transactions, while keyed-in transactions have a rate of 3.5% + 10 cents. There are also chargeback fees of $25.
In addition to its pricing and contract terms, Clover Go offers a range of features that can be useful for businesses. These include the ability to add multiple employees and set permission levels, as well as access to an extensive app market that offers a variety of business tools and integrations. The app also provides offline processing capabilities, allowing you to continue processing transactions even if you don’t have an internet connection.
Clover Go is a solid choice for businesses with an existing merchant account looking to use mobile credit card processing. Its integration with current accounts and range of features make it a convenient and flexible option, though some users have reported issues with customer service.
SumUp is a payment service that offers a virtual terminal and a pay-as-you-go subscription. It also has a free payment app but has received poor user reviews for its mobile app.
SumUp does not support high-risk merchants and has limited eCommerce integrations. The pricing for SumUp is based on a monthly fee of $0 and a percentage of the transaction amount for in-person and online transactions.
The virtual terminal processing fee is a percentage of the transaction amount plus a flat fee per transaction. SumUp offers card readers at the cost of $35 to $99. There is no chargeback fee.
SumUp has several features, including supporting 3-in-1 mobile device-based and stand-alone card readers. The setup process is easy and only requires two steps. SumUp also offers inventory management tools with a deposit speed of 1 to 2 business days. It is compatible with iOS and Android.
Shopify is a popular eCommerce platform known for its user-friendly and intuitive interface. It also offers 24/7 support for its users. One of the standout features of Shopify is its robust reporting, which can help you determine which items are most likely to sell. The platform also integrates multichannel selling, allowing you to sell your products through channels like your website, social media, and marketplaces like Amazon and eBay.
However, it’s worth noting that using Shopify for an entire eCommerce store will cost at least $29 per month. Additionally, the platform does not offer low-stock alerts without an upgrade. The 3-in-1 card reader is only available for iOS devices, and the platform cannot process credit cards offline.
Regarding pricing, the monthly fee for Shopify ranges from $0 to $89. The card reader costs $49 and can process chip-and-tap transactions. For card-present transactions, the price ranges from 2.4% to 2.7% of the transaction amount. Keyed-in transactions have a fee ranging from 2.4% plus 30 cents to 2.9% plus 30 cents. Online transactions have a similar fee structure. If you do not use Shopify Payments, there is an additional fee of 2%. The chargeback fee is $20.
Shopify offers a variety of features, including support for 3-in-1 and 2-in-1 card readers. It is also suitable for international sales and includes an online store. Other features include gift card processing, marketing and shipping tools, and dropshipping functions.
PayPal Zettle is a payment processing service that is easy to set up and use, making it a good choice for small businesses that accepts contactless cards and mobile wallets. It is also affordable, with no monthly fee and a card reader starting at $29. One of the main benefits of PayPal Zettle is that it offers instant payouts to your account, which consumers trust.
However, there have been some reports of account stability issues with PayPal Zettle. Additionally, it has limited inventory management features and a weekly limit for swiped and keyed-in payments. PayPal Zettle may also freeze funds at any time and has a 30-day hold on funds that exceed the weekly limit.
Regarding pricing, the fees for PayPal Zettle vary depending on the type of transaction. Card-present transactions have a fee of 2.29% plus 9 cents. Keyed-in transactions have a higher price of 3.49% plus 9 cents. QR code transactions have fees ranging from 2.4% plus 5 cents to 1.9% plus 10 cents. Invoices and other commercial transactions cost 3.49% plus 15 cents. The chargeback fee is $20.
PayPal Zettle offers several features, including accepting PayPal and Venmo payments. It has a proprietary 2-in-1 card reader with a PIN pad, and payouts are typically made within 1 to 2 business days. With PayPal Zettle, you can instantly access your funds with a PayPal balance. The platform also has a simple product catalog, allowing you to configure tax and tip settings.
One of the main benefits of Payment Depot is that it does not have a markup transaction fee, which can help keep costs down for merchants. The company offers customers a 90-day money-back guarantee and free equipment and programming.
However, Payment Depot has low processing limits and does not offer native recurring payment processing. It is also only available to merchants in the United States.
Regarding pricing, Payment Depot has a monthly fee ranging from $59 to $99. The card reader costs $49. The prices for card-present transactions are based on the interchange rate plus an additional 8 cents. Keyed-in transactions have a fee based on the interchange rate plus 15 cents. The chargeback fee varies and is determined by the acquiring banks, which may pass the cost to the merchant.
Payment Depot has several features, including a mobile app powered by SwipeSimple and support for Stax payment processing tools. It also offers next-day funding and the ability to process transactions offline.
Advantages of mobile credit card processors
If you’re looking to boost the efficiency of your business, implementing a mobile or contactless credit card processor is worth considering.
These handy devices allow you to process transactions anytime, anywhere. No more being tied to a physical point of sale – with a mobile credit card processor, you can accept payments on the go. Whether you’re running a pop-up shop, vending at an event, or want the flexibility to accept payments outside of a brick-and-mortar location, a mobile credit card processor has you covered.
Not only is this convenient for you, but it also means reduced wait times for your customers. No more standing in line to pay – they can tap their card or phone and be on their way. This can improve the overall customer experience and increase customer satisfaction and loyalty.
In addition to increased efficiency for you and your customers, a mobile credit card processor can streamline the payment process. With the ability to process transactions quickly and easily, you can save time and hassle for yourself and your customers. This can be especially useful for businesses with high-volume sales, as it can help keep lines moving smoothly.
Security is a top concern for businesses and customers when processing credit card payments. That’s where mobile credit card processors come in – these devices offer advanced security measures to protect against fraud and ensure compliance with industry regulations.
One of the key benefits of a mobile credit card processor is the use of encryption technology to secure transaction data. This means that sensitive information, such as credit card numbers and expiration dates, is scrambled and unreadable to anyone who doesn’t have the proper decryption key. This can significantly reduce the risk of data breaches and protect your business and customers.
In addition to encryption, many mobile credit card processors offer other security features, such as tokenization. This process involves replacing sensitive data with a unique, randomly generated string of characters – a “token” – with no meaning or value. This adds an extra layer of protection and makes it even harder for hackers to access sensitive information.
As a business owner, one of your top priorities is likely to provide a great customer experience. One way to do that is by offering convenient payment options. That’s where a mobile credit card processor comes in – it can provide greater convenience for your customers by allowing them to pay with their preferred method.
With a mobile credit card processor, customers can pay with their credit card or mobile wallet. They don’t have to worry about carrying cash or checks – tap their phone or card, and they’re done. This can be especially helpful for customers running short on money or who don’t like carrying a lot of physical currency.
In addition to the convenience of paying with their preferred method, mobile credit card processors offer a quick and easy payment process. No need to fumble with cash or wait for a check to clear – just a few taps on a smartphone, and the transaction is complete. This can save time and hassle for your customers and business, leading to a better overall experience.
One of the key benefits of a mobile credit card processor is the ability to accept payments from a broader range of customers. With the option to pay with a credit card or mobile wallet, you can accept payments from customers who may not have cash or checks. This can be especially useful for businesses that attract international customers, as they may not be able to pay with traditional methods.
In addition to attracting a more comprehensive range of customers, a mobile credit card processor can also lead to increased sales through impulse purchases. The streamlined payment process makes it easier for customers to purchase the spot, which can lead to increased sales. This can be especially beneficial for businesses that sell smaller, impulse-driven items such as snacks or souvenirs.
In conclusion, the six best mobile credit card processors of 2023 are Square, SumUp, Shopify, PayPal Zettle, Payment Depot, and Stripe. These processors offer a range of features and pricing options to suit the needs of small businesses, including low fees, easy-to-use interfaces, compatibility with various devices, strong security measures, and helpful customer support. Small companies can efficiently and securely accept credit card payments from their customers by choosing a suitable mobile credit card processor.