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Mobile Credit Card Processors

Our Top Picks for The Best Mobile Credit Card Processing Companies

  1. Easy Pay Direct
  2. Dharma Merchant Services
  3. eMerchantBroker
  4. PaymentCloud
  5. Helcim

1. Easy Pay Direct

Easy Pay Direct has worked with 60,000 different merchants. It is important in today's world to be versatile in how you accept payments. With the use of a smartphone or wireless terminal, EPD will give you the ability to accept payments in a mobile fashion. Using a smartphone is best for those looking to process an uncomplicated transaction one at a time. Wireless terminals are best for taking mobile payments in a larger quantity. EPD offers you the tools for either of these modes of payment.

2. Dharma Merchant Services

Dharma offers great rates for online or mobile transactions. These transactions are always assessed at the same great rates that Dharma offers. They offer a wide variety of different terminals for you to choose from to process mobile transactions. Some of their terminals offer advanced tools you can't find anywhere else. With all of these options provided to you, Dharma will find you the best choice that's right for you.

3. eMerchantBroker

EMB works with high risk businesses that have a hard time getting payment processing services. They offer many different modes of accepting payments whether online, in person, or through a mobile device. No matter how you choose to accept payments they will always be protected. EMB offers protection against chargebacks and fraud. If your business has unique needs, EMB is the unique solution.

4. PaymentCloud

PaymentCloud has worked with many businesses to provide them with the tools to accept mobile payments. They can give you the tools to accept payments easily through your mobile phone. If you would prefer not to use a cell phone you could choose a wireless terminal that is right for your business. Lastly, if you want a mix of mobility and the wireless terminal option you could invest in a plug in chip card reader to process transactions.

5. Helcim

Helcim will help you choose from their wide variety of ways to process mobile transactions. Their pricing is 100% transparent and they offer customer service that is exceptional. The Helcim mobile credit card reader is a great option for those who choose to accept payments on a mobile device. If you choose not to connect through their device you could use your own such as an iPad, mobile phone, etc.

As a business owner, mobile credit card processing might be something you want to think about. You have a lot of choices, but don't be afraid, because you have a lot of choices. We've chosen the best ones, and we have some useful advice for you to keep in mind as you choose.

What is Mobile Credit Card Processing?

People used to only be able to use their cell phones to make calls and send text messages. Today, they can also use them for a lot more things. Those days, you could use your cell phone to watch videos and listen to music.

You could also pay for the things you bought. If you run a business (called a "merchant") that does some kind of work on the go, having a way to process payments for your customers is important.

Using your phone (or your customer's phone, in some cases) to make a payment is easy and quick. In the same way that taking money at the store works, this is how it works.

Why Would You Need Mobile Payment Processing Services?

If you run a business that needs to take payments outside of a store, you'll need mobile payment processing to do this. On-the-go payment processing services could help a lot of different types of businesses and people who work or live on the go.

  • Musicians
  • Event planners
  • Social media influencers
  • Virtual assistants
  • Mobile massage therapists
  • Personal trainers
  • Auto detailers and mobile mechanics
  • Photographers
  • Hairstylists
  • Food trucks

If you read this, you'll get the idea. Both you and your clients benefit from mobile payment processing. If you are unable to pay for the items you sold, they will not have to contact you again.

Mobile Payment Options

If you want to make a payment on your phone or in a store, there are a lot of ways. We have a few choices below. You can choose one of them or a mix of them.

Browser-Based Payments

They usually use a cell phone or tablet to do most of their shopping right now. The payment information you put in a shopping cart or on a checkout form when you bought something online is likely to have been stored there.

Making a payment through your browser is called a "browser-based payment." Customer payment information is often tokenized and stored so that when they come back, they don't have to enter it all over again.

In-App Mobile Payments

In-app mobile payments are similar to payments made through a web browser. Everything you do on your phone instead of going to a website is done through an app. Any store that has an app is likely to be able to do this (aka Walmart, Target, etc. ).

Many people like this method because it makes them feel more comfortable about the safety of their purchases, which is good for business. It's all they have to do is register their favorite payment methods once, and they'll be ready for use now or in the future.

Wireless Credit Card Readers

A wireless credit card reader makes it easy to swipe credit card payments while you are out and about. It's easy to use these devices to turn any mobile phone or tablet into a small point of sale (POS). They connect to the device either through Bluetooth or through a headphone jack that was already there.

It's the same with wireless credit card terminals. All they need is a WiFi connection and not a data plan to accept payments, so they're not very different.

Contactless Mobile Wallet Payments

People used to pay for goods with cash or checks in the past. Many people, however, now prefer to use mobile wallets like Apple Pay, Google Pay, and Samsung Pay. They don't need a credit card or even the ability to write down numbers in order to buy what they want. This is accomplished with the help of NFC.

Payments via contactless mobile wallet are straightforward. All you have to do is find a reader who will accept them! When your customers wave their phones in front of the reader, you are not required to take any action. The payment information is captured, tokenized, and processed on your behalf by the reader.

What’s the Difference Between Mobile Payment Processing and POS Systems?

To accept and process payments, businesses use a point-of-sale system. Many businesses rely on this piece of hardware. There are numerous varieties:

  • A credit card machine
  • A tablet computer or desktop unit 
  • A receipt printer
  • A cash drawer
  • A scanner

There are POS systems that are cloud-based, which means that all of the data is kept safe and sound in the cloud. They can do more than just take money. To:

  • Offer discounts and promotions
  • Manage their inventory
  • Complete payroll and accounting
  • View sales reports
  • Manage their customer loyalty programs

Regardless of which mobile payment processing method you choose, you will be able to do some of the above, but not all of them. However, you should be able to look at your sales information and reports online to see how well things are going.

As long as you choose the right mobile processor, you may be able to do even more. In the most important way, one option is mobile and the other can't be used on a phone or tablet.

Some merchants who sell products both inside and outside their stores choose to use both. This way, they can process payments from anywhere, which is a big bonus for them.

Consider the Following Before Choosing a Mobile Credit Card Processing Company

What's the big question now? How do you pick the right mobile payment processor for your business? Let's talk about what you need to think about before you make this choice.

Do You Need a Combination Deal (POS and Mobile)?

It is critical to first decide how you want or are required to process your payments. Consult with a company that specializes in helping you sell both inside and outside of stores.

Decide Which Features You Need

If you want to process credit cards on the go, you can find services that have a lot of features, but you might not need or use all of them. Some of the basic features you'll find:

  • Some type of “Quick Sale” option
  • Tax settings
  • Tipping features
  • Split payments
  • Receipts by email or text message
  • Ways to record payments made by cash or check

It also comes with a lot of more advanced features that you can choose to use, such as:

  • Keyed-in entry capability
  • More than one tax rate
  • Discounting capability
  • Categories for your items
  • In-app invoicing

For high-tech equipment, you can find things that can connect a cash drawer and scan SKU and barcodes. I don't know. It all comes down to what you need.

Your Transaction Fees

Each time you swipe or type a payment or use a mobile wallet to collect money from others, you are charged a fee. There are numerous low-risk businesses that charge between 1% and 4.99 percent, and there may be additional high-risk businesses that charge even more. Fees may be raised even further.

To begin, ensure that you are fully aware of the fees charged by a mobile payment processor before agreeing to use them. Otherwise, you risk paying significantly more for services that could be obtained for much less elsewhere.

Do You Want to Work with a Payment Aggregator or a Payment Processor?

One exists. They start by using payment processors like PayPal and Stripe. They can be useful for people who run small-scale businesses with few transactions. Many of them cause problems for people, but they also have a number of flaws.

As an example, if you get a chargeback from a customer and it happens a lot, the payment aggregator may freeze your account and keep your money. This is called a chargeback. Most of the time, they close your account without warning, which can keep you from getting your money for a long time. Payment aggregators can work in some cases, but not all the time.

Yes, they do have an easy application process, and sometimes you can be set up to accept payments in just a short time. When you work with a payment processor like any of the ones on this list, you get an extra layer of safety.

When you do business with them, you're much less likely to have your money frozen or your account closed. Take it easy. We'll talk about why in a second.

How to Choose the Best Mobile Payment Processor to Meet Your Needs

Here are some things you need to think about when choosing a mobile payment processing company. Before you sign on the dotted line, here are some questions you should ask yourself:

  1. How simple will my customers' checkout process be? Is it possible to customize it?
  2. What security and fraud protection services do you provide?
  3. What are your hours of operation? What if I require assistance in the middle of the night?
  4. Does your business provide live support, either online or by phone?
  5. How long will it take for my business bank account to receive deposits?
  6. Which companies, if any, do you collaborate with to provide the services I receive?
  7. How is your pricing structure structured? (Hint - If they say Interchange-Plus, this is a good thing, as it is the most transparent model.)
  8. Are there any additional fees that I must pay?
  9. Do you provide sales reporting tools or any other features that I may require?
  10. What if I decide to discontinue using your services? Is there a penalty for early termination or is there a contract?

Additional Information to Keep in Mind

A few more things you should think about before you choose your mobile payment processor.

You’ll Need a Merchant Account

To begin, you must understand what a merchant account is. Is it comparable to your company's bank account? No, it doesn't. Accepting payments through a mobile processor does not require a merchant account. Individuals who use point-of-sale systems or terminals with mobile processors will also need one of these items to ensure that their systems function properly.

Money will be transferred from your customers' bank accounts to yours via your merchant account, ensuring that the funds arrive in your account. Transaction and other fees are deducted when funds are transferred to a business bank account. You'll be able to see it after that. Payment aggregators frequently close or freeze accounts without notice. This is because they each have their own merchant account.

To protect their master account, they must spread their risk across all merchants. A mobile payment processing company, on the other hand, will provide you with your own merchant account, and possibly multiple accounts if needed. Because of the significantly lower risk level, you and your money will be significantly less at risk in this case.

It’s Normal to Have Your Merchant Account with One Provider and Payment Processing with Another

The payment processing services of many merchant account providers can also be used to make money. But not everyone does. If they want to offer this service, they often work with other businesses to do it together. You can also look for one that does both.

Check the Company’s Track Record

The payment processing company you work with needs to be someone you can trust, so make sure you can. If this is the first time you've thought about taking mobile payments, it's important to do some research first.

There is a lot of information about the best companies that process credit cards on the go available online. It's a good idea to look at reviews, the Better Business Bureau website, and this website to learn more about any company you're thinking about.

Do not choose a company that has only been in business for a short amount of time. Make sure that the payment processor you work with can be trusted before you choose to work with them. They'll be able to see your job, so make sure they're reliable and honest.

What are Your Future Plans?

Does your business plan to grow? As time goes on, you may want to have your own storefront, or start selling your products and services online as well. You should choose a company that can grow with you, just like they have grown with other businesses.

The Best Mobile Credit Card Processing Companies

  1. Easy Pay Direct
  2. Dharma Merchant Services
  3. eMerchantBroker
  4. PaymentCloud
  5. Helcim

Merchant Accounts

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