You can now turn your iPhone into a full-featured mobile credit card terminal with an iPhone credit card reader and increase your sales with phone credit card processing.

If you can accept credit cards as a form of payment, it will significantly increase the sales of your business. Further, if you can process those payments directly on your smartphone, it can boost sales even more.

Mobile payment processing services can vary mainly in their cost and their features like the price, hardware compatibility and the transaction features.

Pricing:  Some iPhone card reader services charge a setup fee, while others charge for the card reader itself. Beyond these one-time costs, services also charge ongoing fees such as monthly service fees and per-transaction fees, charged every time you swipe a credit card, per-transaction fees take into account the base rate and the processing rate. The processing rate will depend on how you input the credit card information.

Hardware and Compatibility:  Services that process mobile payments usually work with a wide variety of popular mobile devices, not just the iPhone. Make sure the service you choose will equip you with a mobile card swiper.

Transaction Features:  Mobile card readers provide a number of features beyond credit card processing. There are features that would help boost the convenience and security of processing mobile purchases. Paired with a compatible mobile device, these services allow you to capture customer signatures and accept tips. You can also calculate sales tax and email receipts from your phone to your clients.

Protect Your Customers:  All services use SSL (Secure Socket Layer) encryption to secure transaction sessions. The app on the mobile phone is password protected so that if you lose the phone, nobody can get into your account. Further, no credit card information is stored on your phone, so your clients don’t have to worry about any stolen data.

Additional Information:  It is very convenient and secure to process credit cards directly from your iPhone. You need to learn more on this new product that has come in the market and decide which one is best suited for you. In the end, your needs will determine which card readers is the best choice for you.