For some reason, we like devices that control a multitude of things, like the universal remote control, that combines cable box controls with DVD players, gaming consoles, etc. The most recent entry into this category are virtual home assistants, like Amazon’s Alexa Voice Service, that can control many functions and appliances within your home, like your thermostat, lights, garage door, in addition to play music and give you the news, sports and weather reports. This multi-function control idea has extended to payment cards, with universal payment cards that are aimed at decluttering your wallet while maintaining an aspect of familiarity with credit cards.
Finding the right mobile point-of-sale (mPOS) solution for your business can be a difficult task. There are many on the market today, and each one has both good and bad points. While mPOS solutions like PayAnywhere’s 3-in-1 Credit Card Reader provide merchants with opportunities to create greater customer experiences, mostly because of their quick and easy transactions that can be conducted anytime and anywhere, there are still several items to consider when choosing an mPOS solution:
If you’re a small business owner, you likely know a thing or two about chargebacks, and those things are probably not all that pleasant. Not only do these customer requests to reverse transaction charges present bookkeeping challenges, but reports show that about 86 percent of chargebacks are fraudulent.
As a merchant, one of the first decisions you must make when starting your business is whether or not you will accept credit cards as a form of payment. Many experts will argue that the benefits of credit card acceptance far outweigh any disadvantages, but there are some. Credit cards are so entrenched in the American culture that it almost seems the biggest disadvantage would be not to accept them! Below are some of the pros and cons of accepting credit cards that will help you decide if credit card acceptance is right for your business. First the pros:
Near Field Communication, or NFC, is a wireless communication interface that connects phones to POS (point of sale) and mPOS (mobile point of sale) devices through close proximity, but how can this benefit your business? You may not know it, but NFC is actually enabled in the majority of current smartphones. It is not only compatible with all Android and Samsung devices, but in iPhone 6 and 6 plus as well. In today’s blog, we’ll take a look at the benefits that companies like Starbucks and Apple have already been receiving through using NFC payment transactions.