Mobile Credit Card Services For Small Business

Mobile Credit Card Services For Small Business – Adept Payments provides the most advanced mobile payment solutions in the industry. Accept credit cards and other payment options anywhere with your iOS or Android mobile device.

It provides a way to process mobile payments using a smartphone, tablet or other mobile device. Your business can accept cards using a credit card reader, which can also be integrated into the service. So depending on your needs, we can introduce a mobile card reader or a mobile app that uses a virtual machine.

Mobile Credit Card Services For Small Business

At Adept Payments, our mobile payment solutions are flexible and can be tailored to your needs. We support various methods of accepting payments. These include:

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So we have specialized in a variety of secure payment solutions that a business owner can provide to their customers.

Look for support for as many mobile payment methods as possible so you can serve multiple customers. The more payment options and tools included, the better. This includes major credit and debit card brands and mobile wallets such as Apple Pay. The service must be quick and easy to install so that it does not take too long to implement.

We offer personalized customer support so that all your concerns can be addressed by experienced professionals. Whether you want to expand the reach of your brick and mortar store or simply accept online payments, we can offer a solution tailored to your business. Advanced technologies further enhance flexibility in supporting all types of mobile payment methods. To learn more about our mobile payment services, call Adept Payments at 888-732-3838 today! How the world can change. Many people alive today do not remember a time when credit cards were only associated with the rich or with companies that took them to travel officials to cover their expenses. Today, in many countries, it seems almost strange to see someone paying for goods or services in other ways.

Credit cards offer many benefits. They are small and very mobile. The holder also has a little more security for not having to carry cash. Likewise, the merchant reduced the amount of money in his building. In the unfortunate event of theft, there is less to lose.

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They also offer a line of credit. Most credit cards offer repayment terms of as little as 10% per month of the outstanding balance. The interest rate is usually very high compared to other types of credit. Cards that are fully settled are often interest-free.

The concept of getting goods or services on credit has been around for over 5,000 years. The Mesopotamians used clay tablets to record trade transactions with the Harappan civilization. However, credit cards as we know them today began in the early 20th century.

In 1914, Western Union launched “metal money”. This was a stamped steel card that allowed customers to send telegrams but only pay for them later. So in 1946, banker John Biggins issued a debit card that could be used within a two-block radius of his bank.

Just a few years later, in 1950, businessman John McNamara went to dinner at Major’s Cabin Grill in New York. When the bill was handed after the meal, McNamara realized he had left his wallet at home. He signed a note promising to return the next day to pay his bill. This experience inspired McNamara to create Diner’s Club.

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Until 1958, all existing cards were debit cards, meaning that the full balance had to be paid off at the end of each month. Then Bank of America launched the Bank of America. The card came with a $300 credit limit and something new. It also offered revolving credit so that the holder could pay only part of the balance​​​​​​​​ and transfer the rest.

In 1969, IBM engineer Forrest Parry invented the magnetic stripe that ushered credit cards into the digital age. The next big revolution in credit card technology came in the early 1990s with the development of the EMV chip and pin system. This was a collaborative project between Europay, Mastercard and Visa. This introduces dynamic encryption and a whole new level of credit card security.

Then, as was inevitable, credit cards went completely digital. and virtual. It’s just a number and a security code or a QR code on a mobile device. This, along with continuous improvements in communication technology and security, has brought us to where we are today. Credit card technology on plastic or in the air around you.

There is no such thing as a free lunch. This applies to the credit card industry. The convenience of offering and accepting credit card payments comes at a price. Although the cost of a credit card transaction is passed on to the merchant, there are cases where some or all of the cost is passed on to the customer.

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· Interbank charges. Charged by a card network such as Visa, MasterCard or American Express. This is an amount paid by the buyer’s bank to the buyer’s bank. It covers the potential cost of providing short-term, interest-free credit to the customer, the risk of fraud and the cost of rewards programs.

· Assessment fees and charges. This is a fee applied by the card network and is usually a percentage of the total monthly transaction value. A fee is charged for using the network token and for using their payment network

· Redemption fee. This is a fee charged by the payment processor for the acquiring bank. It covers costs for approval, interbank settlement and reporting.

Blockchain is a peer-to-peer asset exchange technology. In short, this means that assets go directly from the seller to the buyer, and the compensation, in any form, in the opposite direction. There are no middle men. And discs will be removed along the way.

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An average credit card transaction involves as many as four intermediaries in addition to the buyer and seller. They all charge a fee. Anything from 0.1% up to more than 2%. All this adds up to a total cost to the merchant of 1.5 to 3.5%.

In contrast, with blockchain technology, there is only the fee for the exchange platform. This varies by platform. It can be a fixed monthly fee regardless of transaction volume or values, or it can be a fixed percentage fee per transaction. trade Either way, blockchain enables the cheapest credit card processing for small businesses every time.

Blockchain transactions are much faster than standard credit card transactions. The simple reason is that data is only transferred between two points. Standard credit card approvals can range up to six points.

Blockchain is significantly more secure than the transfer of credit card data. While credit card data is encrypted and considered as secure as possible, blockchain is the Fort Knox of data security. It is impossible to modify a block of data. Any attempt to change the data creates a new block. The processed block remains intact.

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Blockchain is here to stay. This is an important development in the economy of the future. Let’s look at some of the reasons why you should adopt it

· First, as we saw in the previous section, you will be able to save on taxes. This benefits both your business and your customer as it improves your margins.

· Faster processing times mean less waiting time and frustration for the customer, and you reduce the risk of customers walking away.

· More secure transactions protect both your business and the customer from loss if data is intercepted.

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· Being able to accept cryptocurrency as payment is a huge plus. Crypto is slowly but steadily gaining traction as a mainstream currency. Businesses that cannot adopt crypto will eventually be damaged.

Has the products and systems to deliver on all the promises of blockchain credit card processing and crypto payments.

·       A point of sale (POS) solution accepts almost all major payment methods. All in one single handset. Payment can also be accepted in several cryptocurrencies. Funds for crypto transactions are credited almost instantly in your local currency. You have no risk of crypto price volatility.

· POS can be delivered with integrated cash register software. It eliminates the need for multiple tools. The entire transaction takes place on one device.

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· POS devices may display advertisements while a transaction is being processed. Earned advertising revenue may offset some or all of the solution’s costs.

· POS allows you to launch your loyalty programs and customer satisfaction surveys to improve your customer retention. Simple enough to get started in minutes. Powerful enough to save time and money on day one.

Easily customize your setup with USB-connected peripherals, specify different tax rates as needed, and change items added to the card.

“12 months of experience with no problems. Thank you! More apps and technology should feature this kind of performance and performance.”

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“I work for an attorney and have handled many credit cards! This is the easiest system I’ve used in over 10 years and I couldn’t be happier!”

“This was as easy as it could be. I have SwipeSimple and what you can do with it from a computer made

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