Ready to embrace modern payments? Whether you want to use Tap to Pay on iPhone, or accept digital wallets both in-person and online, having the right infrastructure is essential.
A merchant account with robust mobile capabilities provides the seamless and secure solution you need to elevate the customer experience and grow your business.
Mobile merchant accounts explained
A mobile merchant account gives you everything you need to take payments using a smartphone or other mobile device. It acts as a middleman between the merchant and the customer’s card network.
It also continuously checks for fraudulent activity, and manages the chargeback process in the event that a customer requests a refund from their provider.
Partnering with a merchant account provider with mobile capabilities gives you all the hardware and software needed to run an ecommerce or in-person business.
Benefits of mobile merchant accounts for small business owners
Regardless of what products you sell or the nature of the services you provide, your small business faces an uphill battle against a sea of hungry competitors.
Expanding your universe to accept mobile payments broadens the possibilities for your company in several ways.
Accept electronic payments
For one thing, linking with a mobile merchant account provider enables you to take more than just credit and debit cards. You can also accept funds from digital wallets like PayPal, Apple Pay, and Google Pay, as well as ACH Pay-by-Bank, and peer-to-peer transfers.
Expand your customer base
With this added flexibility, you are able to cater to a wider range of customer preferences, allowing your sales numbers to rise.
One of the most tantalizing of these opportunities involves expanding your small business into the global marketplace.
This allows you to do business with customers around the world, is a terrific way to lengthen your reach, and gets the word out about your brand to an entirely new group of potential buyers.
Better cash flow
The payment gateway that you obtain through your merchant account provider also gives you faster access to your funds. As a result, you can have more control over your spending and can react with added agility to sudden emergencies or opportunities.
Increased credibility
Finally, accepting mobile payments lends credibility to your store. The secure equipment and processes that are put in place by your provider will demonstrate to customers that it is safe for them to send their funds your way.
As a result, that all-important element of trust is built.
Mobile payments give buyers the freedom and flexibility they have come to expect while expanding your store’s horizons in many ways.
If you haven’t already incorporated them into your operations, talk to your merchant account provider today. They will give you everything you need to attain mobile payments success.
North is a leading financial technology company that builds innovative, frictionless end-to-end payment solutions designed to simplify and grow businesses of all sizes. From the front door, to the back office, the developer world, and partnerships that expand the payments landscape, North offers proactive, comprehensive merchant services, in-house processing, and more.
