You need a mobile credit card reader to avoid losing out on customers carrying only credit and debit cards because many people go without cash. Smart business owners invest in mobile credit card processing because clients are getting more tech-enabled and starting to expect them to accept all credit cards and other forms of electronic payment.
So what are the best mobile card readers? Read on to find out.
Most payment options: PayPal here
If your business has both a large online and in-person presence, the PayPal Here mobile card reader and mPOS app are a great option. You’ll pay $15 for a basic PayPal Here swipe reader. You can buy a $25 EMV reader or $60 NFC reader to accept chip or contactless payments. There’s a really great low-cost option – a $79 three-in-one reader. All three of these products are Bluetooth enabled, which means you can accept payments from anywhere.
With PayPal Here, you can accept checks through the mobile Android, iPhone, or Windows app. And of course vendors, customers, and anyone else can use their own PayPal accounts to send and receive funds. PayPal Here doesn’t have next-day funding out of the gate, but there is an alternate solution you can choose. You can get your payments as quickly as one business day if you sign up for the PayPal Business Debit MasterCard.
Most recognizable reader: Square
There’s a good reason the Square reader and iPhone or Android mobile app are the most recognizable and popular mobile card reader. For a free and easy-to-set-up reader, low and simple fees, and funding as fast as one day, Square is the best for small businesses who need a cost-effective, quick, and user-friendly way to accept credit card payments on the go.
This system gives you a free card swipe reader and access to the free Square mobile point-of-sale (mPOS) app. This POS system’s fees are the simplest. It’s just a flat 2.75% for all swiped credit card transactions without monthly fees or extra per-transaction fees.
Square works on iPhone, iPad, and Android mobile devices and accepts all major credit cards, including American Express. You need to buy their adapter for newer iOS devices without a headphone jack. The mPOS service includes access for multiple users, inventory management, personalized email receipts, and a simple tipping interface for retail and service businesses that accept them.
Best for modern pop-ups: Shopify
An increasingly trendy way to run a business, pop-up shops allow online small-business owners to try out in-person sales, a new revenue stream. If you’re one of the myriads of online retailers selling clothes, art, or jewelry, setting up a kiosk or booth could boost your brand and your profits. Enter Shopify. This platform has consistently offered retailers a place to sell their goods online and also offers an in-person sales solution.
Shopify’s robust online store, mobile app, and mobile card readers will let you sell products and processing payments wherever your customers are. The basic plan of Shopify’s POS service starts at $29 per month, which includes up to two users, retail reports, shipping label support, and a free swipe card reader.
Compared to other brands, Shopify is slightly costlier, but for occasional in-person sales, it’s a good investment. Actually, it’s better than most. Moreover, you can lower your fees by buying more advanced plans.
For example, the fees for the $79 per month plan are only 2.5%. This plan is super affordable if you plan to expand your physical retail presence and set up a more permanent store.
Best if you use QuickBooks: GoPayment
Coming to you from the giant Intuit, a financial software corporation, QuickBooks GoPayment is the best mobile card reader for businesses already using QuickBooks sales and accounting software. There are two ways to get started with GoPayment.
The first is the monthly payment option, which costs $20 per month, but transaction costs are just 1.6% plus $0.25 per swipe. The second option doesn’t require a monthly fee or subscription, but it charges you 2.4% plus $0.25 per transaction swipe. If your business does a lot of small-value transactions, those per-transaction fees can become expensive.
The first option is more lucrative particularly if your transactions tend to be in the $80 range.
Of course, the biggest advantage to the GoPayment reader and app is its compatibility with Intuit’s QuickBooks software. A lot of companies use QuickBooks to manage sales, payroll, inventory, and other functions, so it’s a major plus to be able to integrate your mPOS system with the accounting software.
On the downside, GoPayment doesn’t have the fastest funding time. You might have to wait up to 5 business days to get a deposit. However, its QuickBooks integration might make up for the funding delay because all transactions are recorded and synced with your bookkeeping software automatically.
Lowest transaction fees: PayAnywhere
The cheapest of all the readers reviewed here is PayAnywhere. The transaction fees are unbelievably low. What is more, you avail of next-day funding. You also get a free PayAnywhere credit card reader and are not charged any monthly subscription fees at all. So what is the transaction fee? Just 2.69% per transaction – the basic package. Our previous choice does offer a lower 2.4% rate for its basic QuickBooks GoPayment plan, but you’ll be charged an extra $0.25 for each GoPayment transaction. Those per-transaction fees could add up if your business will be taking a large volume of mobile payments.
For example, you’d pay $403.50 in PayAnywhere transaction fees if you did 1,000 transactions at $5 each in one month. GoPayment would leave you with $1,110 in fees. That’s really not the same!
Your transaction costs drop even more if you sign up for the PayAnywhere Storefront monthly subscription – just 1.69% per swipe. This plan, which costs $13.95 per month, lets you rent an EMV-enabled stand, touchscreen tablet terminal, a cash drawer, and receipt printer.
The PayAnywhere app’s mPOS services also include inventory management, personalized receipts, customer purchase reporting, multilingual customer support, and online resources —all at no extra cost.
Thank you for reading our review of the best card readers. We hope we’ve been helpful!
Your Business Needs These 13 Digital Security Solutions – Here’s How To Get The Most Out Of Each
How would you characterize your organization’s digital security posture? If you’re not sure how to answer this question, or perhaps would prefer not to answer it at all, you’re not alone. Countless decision-makers, from uber-competent CTOs and CISOs to CEOs and COOs who couldn’t code…
Louisiana And Oklahoma Introduce Digital Identification To Prevent Fake ID Use
Digital ID in Louisiana Utilizing digital IDs has been a commonly broached topic for a while now. Although most states are only either deliberating their helpfulness or in the utmost initial stages, Louisiana has moved forward. The primary introduction of this technology was done back…
ScanGuard Review – Here is What You Should Know
Doesn’t it sound good and satisfying to have a goop-performing antivirus that is reliable enough? Yes, it is. For that reason, you need to be extra careful when you are in search of a good antivirus. Put all the necessary factors into consideration so that…
The Emerging Need for Social Media Security
By the time you’ve finished reading this sentence, nearly 700 passwords have been stolen from social media accounts across the world. Social media security breaches have the potential to cause up to $6 trillion in cybercrime damages by 2021, up from $3 billion in costs…
Which New Lorex Security Camera Is Right for Your Home?
Keeping your family and your possessions safe requires a proactive approach, and one way to protect what you care about is with a security camera system. Lorex Technology is well known for their security camera solutions, and their two newest products will change the way…
- 3D Printing
- App Dev
- Artificial Intelligence
- Arts and Entertainment
- Big Data
- Blockchain Tech
- Business Technology
- Car Technology
- Cloud Computing
- Cloud Storage
- Computer and Technology
- Conference Calling
- Coupons and Deals
- Cyber Security
- Dark Left 1
- Data Center
- Data Recovery
- Digital Arena
- Digital Marketing
- Edu Tech
- Email Marketing
- Google Glass
- Guides and Tutorials
- Health and Fitness
- Home Improvement
- Home Security
- Internet and Businesses Online
- Internet Marketing
- IT Careers
- Mobile Apps
- Mobile Security
- New Tech
- Online Shopping
- Project Management
- Reference and Education
- Reputation Management
- Sales & Marketing
- Shopping and Product reviews
- Small Business
- Social Media
- Tech Trends
- Technical Support
- Technology in Education
- Tips & Tricks
- Tips And Tricks
- Video Conferencing
- Virtual Reality
- Wearable Technology
- Web Design
- Web Development
- Web Hosting
These 4 Homegrown Industries Are Benefiting From Trade Policy Today
Trade policy is complex — and controversial. No matter where you locate yourself on the left-right divide, you can probably think of at least one friend or family member who vehemently disagrees with you on this particular issue. If you’ve taken the time to ask,…
Mathieu Chantelois, VP At The Canada Media Fund, Discusses Leadership Communications, Proudest Accomplishments
Mathieu Chantelois is something of a Renaissance man. At various points in his career, he’s worked as a magazine editor, a professor, a television presenter, a highly regarded journalist, and as a communications and marketing executive. Chantelois’ engagement in various social causes led him to…
How To Become A Cyber Security Analyst
What is Cyber Security? Cyber security is the practice of protecting a system or network from digital attacks. These attacks are generally aimed to retrieve or destroy sensitive information and it is a serious threat to all the organizations. Who is A Cyber Security Analyst…
Internet Security Tips For The Modern Age
The internet is no longer new. It’s been in most peoples homes for twenty years or more now, and we’ve all come to accept it as part and parcel of modern life. When it first began, it was something that we only had on our…
How to Immediately Improve Your Online Security
While the internet might seem paradisiacal, danger lurks in the obscurity of it. Apart from outsourcing your IT needs to specialists like IT support companies in London, there are immediate measures you can take to ensure your online world is as secure as the home…
Everything You Need To Know About Cybersecurity In 2019
With long workdays and jam-packed weekends, it’s a godsend that we can do most of our shopping, social interaction, and many other day-to-day tasks from the convenience of our computers and mobile devices. The internet has been making our lives so much easier for the…