For many small businesses in the service sector a mobile card reader is a must. Mobile credit card readers are also useful for businesses who attend shows or trades fares, meaning they can still accept card payments at the event.
A mobile card reader works the same way as a regular card reader in so much as the payment is processed immediately. The difference is that a mobile credit card reader uses mobile technology to verify transactions with the acquiring bank. This is the same technology that mobile phones use and means that the terminal has to have a mobile phone signal to work.
There have been advances in technology for mobile credit card readers and there are now providers who offer card readers that work in conjunction with a mobile phone.
These devices are lighter than standard mobile card machines and the transaction charges can be low if arranged through a merchant services provider such as PayPal.
The card information is encrypted as it passes through the phone so the phone cannot be used to access account information. With the prevalence of card payments these new types of card readers will be increasingly important for merchants in the service sector.
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