It used to be extremely difficult for a small business to be able to accept credit cards. This is no longer the case because anyone can now accept a credit card using a smartphone credit card payment system. The credit card payment system plugs into any smartphone and allows you to swipe any credit card. It then uses the internet connection on the smartphone to send the money directly to your bank account. While there are several great smartphone credit card payment systems, these three will give you the most options at the cheapest cost.
Intuit Go Payment
The Intuit Go Payment credit card payment system will work on the iPhone and most Android smartphones. The Intuit Go Payment smartphone credit card reader is free when you start an account with Intuit. There is a $13 monthly charge for the system, and you will also have to pay a small fee on each transactions to Intuit. The fee is 1.7% of the total amount of the transaction. If you have a lot of customers that are wanting to pay with a credit card, then it is well worth the small fee.
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Intuit Go Payment
The Intuit Go Payment credit card payment system will work on the iPhone and most Android smartphones. The Intuit Go Payment smartphone credit card reader is free when you start an account with Intuit. There is a $13 monthly charge for the system, and you will also have to pay a small fee on each transactions to Intuit. The fee is 1.7% of the total amount of the transaction. If you have a lot of customers that are wanting to pay with a credit card, then it is well worth the small fee.
All of the money will go directly into the bank account that you set up with Intuit instantly after the payment is accepted. There is also a free smartphone app that must be downloaded to use this system. The app allows you to enter the items purchased and the total price. The customer must also enter their pin number or sign their name with their finger on the phone to allow for the payment to be processed.
Square
Square is very similar to Intuit Go Payment, but the credit card reader is much smaller. The Square credit card reader plugs directly into the audio jack of the iPhone and most Android smartphones. Square also comes with a free credit card reader and smartphone application. There is not a monthly fee to use Square, but they will charge you 2.75% of every transaction completed using the system. Square also allows you to issue refunds directly on the app. If you pull up the transaction on the app and choose the refund option, then the money will be automatically transferred from your bank account to the customer’s credit card.
Roam Pay
If you have a Blackberry, then you may have to use the Roam Pay smartphone credit card payment system. Roam Pay is the only major smartphone credit card payment system that can be used on any Blackberry. Roam Pay will also work on several other phones that the other systems do not support. Roam Pay will also take a small percentage of every transaction completed using the system.
If your business can not currently accept credit cards, then you should sign up with one of these smartphone credit card payment systems. While you are going to be charged a small fee on each transaction, being able to accept credit cards will bring you more business. There is no reason to be behind the times when accepting credit cards can be this easy.
Andrew Bennett is a finance writer who offers information regarding credit card to repair credit when your credit score has been damaged.
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