Choosing the best mobile credit card processing can be challenging. There are a lot of things you need to consider and you can get confused in the process. Today, we are going to give you the finer things you need to consider when choosing the right mobile card processor.
Is it secure?
No one wants to choose a service that will cause credit card fraud for their customers. This will ruin your reputation and you can face legal action. You need to ensure the vendor you choose is PCI compliant. It is also crucial to ensure that the numbers are not stored on the phone; they should be encrypted.
Live phone support
You will need a real person to help your customers with credit card processing issues. A list of FAQs and some help manual is not enough. You need to ensure that real phone support is in place for the credit card processor for small business you choose.
How long does it take for you to get deposits?
When you start accepting payment anywhere anytime, you expect the money to be deposited in your account almost immediately. The service will not be helpful if you have to wait for one month before you get the money. You should review the policy of the company for deposits and understand any limits which your money will be held.
Affordable and straightforward pricing
The best mobile credit card processing should have simple pricing structures. You need to understand what fees will be subtracted and plan accordingly. You should also look out for higher rates charged for transactions. There is no need for this so you don’t have to settle for a service provider that charges you high mobile rates. You need to weigh out monthly fees and compare with transactions fees to ensure that the plan you choose will be the lowest for you.