Blog Archives
Smartphone Credit Card Processing Questions-Can Customers use their Debit Card?
Mobile Credit Card Processing
We had a great question come through our office today, “Can I process my customer’s debit card on my smartphone?”
My first thought is to say, “yes, of course you can process debit cards,” But… this answer needs a second part. Debit cards that are ran as credit cards can be processed on smartphones (swiped or keyed in as a credit card transaction).
PIN-based debit transactions are not compatible with mobile credit card apps (Customers can’t enter in their PIN number).
For more information on mobile credit card processing. Visit www.paymentmax.com.
Smartphone Credit Card Readers-The Latest and Greatest ROAMpay G3X
New ROAMPay G3X
PaymentMax is happy to announce the latest and greatest mobile credit card reader from ROAMdata: The ROAMpay G3X.
Here are the benefits:
- The ROAMpay G3X comes equipped with enhanced security features to prevent credit card fraud that plaques other non-encrypted mobile credit readers.
- Compatible with hundreds of mobile devices: iOs, Android, BlackBerry, PC and Mac.
- Three times more device coverage than all other companies combined.
- Equipped with the latest technology: NFC (near field communication) and EMV (Europay).
- Mobile solutions such as mobile check-out, mobile offers, and mobile wallet.
- Lowest cost of ownership.
For more information on mobile credit card processing, visit www.paymentmax.com
Smartphone Credit Card Processing Makes Debut on the Campaign Trail
ROAMdata announced that its popular mobile credit card processing application and reader, ROAMpay/ROAMpay Swipe, will be hitting the campaign trail. This is the first time credit card campaign contributions have been collected using smartphones in a national campaign.
Hinckley for U.S. Senate Seat of Rhode Island will give his supporters the opportunity to contribute to his campaign from anywhere the campaign trail may be, from formal speaking events to countryside rallies.
Smartphone credit card processing with a PaymentMax merchant account, the ROAMpay app, and ROAMpay Swipe is cost-effective, secure, and easy to use.
To get started accepting credit and debit cards on your smartphone (Android, Apple, BlackBerry) visit www.paymentmax.com .
Smartphone Credit Card Processing with the New ROAMpay X
ROAMdata has released it’s newest credit card processing app…ROAMpay X.
ROAMpay X allows users to accept all major credit cards anywhere, using their cell phone. ROAMpay X is an updated version of the popular ROAMpay with an improved user interface and workflow. The best part… it’s free! You can download the app at iTunes or the Android marketplace.
Here are the benefits of ROAMpay X
1. Signature capture (must have swiper as well).
2. Set tax rate for automated calculation.
3. Offline sales (process when there is no signal or WiFi).
4. Tip function.
5. Secure, encrypted transactions.
6. Record customer contact details for future marketing efforts.
7. Cash sales can be recorded.
For more information on smartphone credit card processing, or to get started visit www.paymentmax.com.
ROAMpay Keeps Adding to its Smartphone Credit Card Swiper Compatibility List
ROAMdata has added a few more popular smartphones to their continually growing ROAMpay Swipe compatibility list which includes Android, iPhone, and BlackBerry devices.
Here are the newest additions.
HTC Droid Incredible 2 Credit Card Processing
HTC Droid Incredible 2
HTC Thunderbolt Credit Card Processing
HTC Thunderbolt
Samsung Galaxy S 4G
Samsung Galaxy s 4g
Samsung Replenish Credit Card Processing
Samsung Replenish
Samsung Droid Charge
Samsung Droid Charge.
All of these smartphones are now compatible with the ROAMpay credit card reader providing merchants with all of the benefits of a swiped transaction. Lower rates, less error, and a reduction in chargeback risk.
For more information on smartphone credit card acceptance visit www.paymentmax.com
Square Credit Card Processing Versus a Merchant Account
Many of our clients are interested to know the difference between Square credit card processing and a merchant account. Here are a few important distinctions merchant should be aware of when researching the two methods.
Funding and Deposit of Credit Card Funds
Square limits the weekly deposit amount to $1000. The rest of a merchant’s funds are deposited after 30 days. For example, if you process $10,000 for a catering event, Square will give you $1000 next day but will hold on to the remaining $9000 for the rest of the month. Talk about serious cash flow limitations for everyday business costs.
A PaymentMax merchant account will deposit all funds next day as long as transactions are not deemed high risk. This can occur when a merchant processes outside of their declared average ticket and monthly volume amounts. For example, if you declare an average ticket amount of $10,000 for your catering company, and you process a transaction for that amount-you will receive all of the funds next day.
Business Image
Anyone can obtain a Square account. Babysitters, dog-walkers, your best friend who has loaned you money are all square candidates. Square’s slogan, “the friendly neighborhood way to pay” describes it’s client base.
A merchant account, on the other hand, is only available to legitimate businesses who provide proper documentation. A merchant account displays a more professional image to customers.
Pricing
Square boasts about transparent pricing on their website 2.75% for swiped, and 3.5% plus .15/transaction for keyed in. This flat rate sounds appealing but what about if you have a chargeback? or a return? There are no mention of these fees on their website.
A merchant account looks at every business differently. The lower the risk the lower your rate. The more transactions you process the lower your rate. The longer you have been in business the lower your rate. Square meshed all the business types together and came up with a flat rate. Many businesses will receive rates much lower than 2.75% and 3.5% (plus .15/transaction). Take the time to receive rate quotes from merchant account providers and compare them to Square’s rates.
For more information on merchant accounts, next day funding, or smartphone credit card processing visit www.paymentmax.com
Verizon iPhone 4 Credit Card Processing
Today I received a great question on my blog, “Is the PAYware Mobile Encryption Sleeve and the ROAMpay Swipe compatible with the Verizon iPhone 4?” The answer is “yes” to both mobile credit card readers.
So, if you have the Verizon iPhone 4 and are looking to start accepting credit cards here are a few comparisons of PAYware Mobile and ROAMpay Mobile.
Signature Capture
If you are looking for the ability to capture your customers signatures on your phone than PAYware Mobile is the best choice. The encryption sleeve comes with a built-in stylus for signature capture.
Geo-mapping
PAYware Mobile offers users the ability to track sales with the geo-mapping function. Users can identify what locations provide the most sales. Geo-mapping also tags each sale with a longitude and latitude position to reduce disputes.
Cash Order Capability
ROAMpay allows users to enter and track cash orders in addition to their credit and debit sales, PAYware Mobile does not. The cash order function is a benefit for those merchants looking to bookkeep and report with one application.
Offline Sales
ROAMpay Mobile allows merchants to accept payments offline, or when there is no cell phone signal. The transaction is “held” until the network becomes available. No lost sales.
For more information on iPhone 4 credit card processing visit www.paymentmax.com.
Mobile Credit Card Processing and Network Errors
Merchants who accept credit and debit payments in a mobile environment (using smartphones) must realize that not all mobile credit card processing apps work when the network (service provider)is down.
The ability to store credit card transactions when the network is down (offline) can be a crucial advantage to merchants that frequently accept payments in remote areas or in “black-hole” areas in the city.
ROAMpay mobile allows for offline transactions. Square does not!
This is how it works. If the network is down and you have ROAMpay mobile-the transaction will be held until the network comes back online. There are never any lost sales because of no signal. If you have Square and no signal..too bad! No signal equal no sale.
For more information on accepting credit cards with smartphones, ROAMpay, or to get started visit www.paymentmax.com
iPad Credit Card Processing-Wows Customers!
Wow your Customers with iPad Credit Card Processing!
I attended a running event in Agoura, CA this weekend that attracts thousands of people every year. While I was browsing all the different vendor booths, selling everything from goo packs to T-shirts, I kept hearing the same buzz. “Did you see the T-shirt guy swiping cards on his iPad?” “It was really cool-He swipes the card and I get an email receipt in like a minute!”
This one vendor was attracting all the attention (and business) purely from his new technology-iPad credit card processing. Everyone wanted to take a look.
The best part is that T-shirt guy was not performing some difficult task. Any merchant can do it! Accepting credit cards on the Apple iPad is really easy. All you need is your iPad, a PaymentMax merchant account, a downloaded app, and swiper. That is it. New accounts can be set up in about 24 hours.
Here is how simple it is to process credit cards on the iPad.
1. Open the credit card processing app and enter login information.
2. Enter credit sale from main menu.
3. Enter sale amount.
4. Swipe the credit card, or manually enter the credit card information.
5. Enter billing information.
6. Enter email address for receipt. Transaction notes can also be made.
7. Click submit to finish the sale, and receive instant authorization.
For more information on iPad credit card processing, or smartphone credit card processing visit www.paymentmax.com.
HTC Arrive Credit Card Processing Arrives on March 20th, 2011
Accept Credit Cards with HTC Arrive
Sprint Nextel is debuting their first smartphone the HTC Arrive on March 20th, 2011. Exciting news for our clients who have been eagerly waiting for a smartphone so closely integrated with Microsoft products.
Mobile businesses will have access to all of the Microsoft business programs like Excel, Word, and PowerPoint which can be shared (or synced) with other machines and accept all major credit and debit cards with a few finger strokes.
The HTC Arrive is based on Microsoft Windows Phone 7 giving users access to nearly 9,000 apps in their store.
Another big business bonus…email can be interpreted using Microsoft Exchange ActiveSync, or communicate with standard POP (Post Office Protocol) and IMAP (Internet Message Access Protocol) email users.
Say Goodbye to the office! The Arrival of the HTC Arrive will allow merchants the ability to run their businesses and process payments from their beloved smartphone.
For more information on smartphone credit card processing, next day funding, or PaymentMax visit www.paymentmax.com.
