Twitter Facebook LinkedIn Flipboard 0 Mobile credit card processing is a boon to small businesses that don’t want to be limited by a brick-and-mortar storefront. This post compares the features of some industry leading payment processing providers. Editor’s note: This post is inspired by a very big supporter and twitter friend of mine, Allison Todd {@AllisonSmiles}. She is the CEO of management group 820 Butterfly. A few weeks ago she tweeted: This tweet couldn’t have come at a better time since I’m actively trying to find the right credit card processor for my newest business venture Celebrate Atlanta. Personally, I’m looking for a fast paced or mobile payment method for my customers. As I began researching I realize how daunting this task can be and knew that I needed to reach out to the experts for their advice and opinion about ALL things pertaining to merchant services. This guest post is provided by Sarah Levy, a content writer for Merchant Express. Credit card processing is more than just comparing features there is a lot more to the industry that small business owners should be aware of to make the best decisions for their business. For this reason CardFellow’s content expert Ben Dwyer author of Credit Card Processing Exposed, will be sharing very important tips and advice for small business owners about the credit card processing industry here on Small Biz Diamonds next week. Stay Tuned!!! Point-of-sale (POS) retail is no longer confined to a brick-and-mortar environment. Merchants and service providers are increasingly venturing into the field to meet consumers’ expectations, and they want to be able to collect payment on the spot. Fortunately, credit card processing has kept pace by going mobile and opening up new worlds of opportunity for small business. When choosing a merchant services provider for your mobile credit card processing needs, keep a few points in mind. First, consider software and hardware compatibility with the smartphone or mobile device that you plan to use. Then consider the transaction features that go beyond the basics to best meet your requirements, including signature capture, tip add-on, information management and email receipts. Last but not least, make sure you understand all the applicable fees, such as set-up fees, monthly service fees and transaction fees, which break down into the base rate and the processing rate. The service provider should be able to use your average sales figure to help you calculate which package deal will deliver the biggest bang for your buck. There are almost as many mobile credit card processing options as there are merchant services providers, and sorting through your options can be tricky. Given the relatively new technology that’s required and your need for fast, secure and reliable processing, it makes sense to choose a provider with an excellent track record in the industry. Here are five that fall into that category along with some of their selling points: PayPal Here™ Most payment types, including credit cards and checks Simple rate per transaction Free card reader and app Live customer support Manage multiple users Intuit® GoPayment Free credit card reader Works on any phone with mobile Internet access No set-up fee, no monthly minimum, no monthly service charge Synchronizes with QuickBooks Virtual terminal supports simultaneous users Square Works with existing bank account Card reader plugs into iPhones, iPads and Android phones and tablets Free app, no set-up or monthly fees and no contract Customized email or SMS receipt Tip prompt and sales tax calculator PayFox® Accepts all major credit cards and signature debit Single-screen entry for speed and convenience Secure, PCI-compliant data transmission via SSL connection Advanced fraud detection with AVS support alerts Reduced processing fees through mobile swipe capability Chase Paymentech™ Emphasizes customized services Apps and services for Blackberry, Android, iPhone or any phone with Internet access Resells different processing programs to achieve low price offerings External card swiper not always required Email receipts Processing credit cards from your smartphone or mobile device gives you the freedom to pursue the sale wherever it may take you, and that’s something a traditional POS credit card terminal just cannot deliver. The card never leaves the customer’s sight, SSL encryption ensures that sensitive account and personal information is secure, and emailed receipts make the whole process very green! Merchant services providers and options for mobile credit card processing abound, so be sure to carefully consider the services and features that will best serve your small business’s requirements and then choose the processor that most closely matches them. Are you using a mobile payment processor? Who do you use and what has been your overall experience? Share your small biz diamonds in the comments section below. Sarah Levy is a small business freelance writer currently working with Merchant Express. Follow Sarah on twitter @sarah_levy81. Image credit Twitter Tweet Facebook Share Email This article originally appeared on Small Biz Diamonds and has been republished with permission.Find out how to syndicate your content with B2C Author: Kane Pepi <p>Kane Pepi is an experienced financial and cryptocurrency writer with over 2,000+ published articles, guides, and market insights in the public domain. Expert niche subjects include asset valuation and analysis, portfolio management, and the prevention of financial crime. Kane is particularly skilled in explaining complex financial topics in a user-friendly … View full profile ›More by this author:VoIP Basics: Everything Beginners Should Know!Bitcoin Investment, Trading & Mining: The Ultimate Guide for BeginnersIs This a Better Way to Set Your 2020 Goals and Resolutions?