Mobile credit card processing has been widely embraced by many entities over the past year. Large corporations outfit employees with software that can process transactions as they complete sales on the floor, while small startups often use mobile PayPal, Square or similar applications as their primary means of taking payments.
Obtaining the hardware needed to transform a smartphone into a payment processing gateway is about to become much easier. Before, many business leaders had to go online, order remote credit card readers and wait for the shipment to come in. However, according to WebProNews, Square mobile card readers will soon be sold in 7,000 Starbucks storefronts.
The news source said that the readers will soon be available for $10 at cafe counters. This might be a good consideration for startups that want to optimize transactions for their patrons without investing in an entirely new all-inclusive payments system.
The Next Web noted that Square and PayPal have been at odds for years, and that both services saw notable growth in 2012 as remote payments became more popular. The news source said that Square alone processed around $10 billion in transactions in one year.Back To Blog