5 Best Mobile Credit Card Readers for Your Small Business in 2021

The people are mending their ways towards tech stuff. Many people are demanding the use of modern techniques to come up. Since society is becoming cashless, it has become a habit for people to make credit or debit transactions. So, it has paved the way for startups or businesses to shift to mobile credit card readers to make their businesses grow globally.

What is a Mobile Point-of-Sales System?

A mobile point of service system is a program that runs on any smartphone or tab and uses software to process business transactions. In short, you can stay anywhere in the world and run your business right off your mobiles.

Being a data-driven world, the software on the mobile point of sales system collects invaluable data of the merchants from payments to shipping. Most importantly, the customers can just swipe the credit or debit card through POS and make the payment in the easiest way.

Therefore, by using POS you can create strategic approaches to your business by analyzing and tracking details of previous payments. If you are the one who is searching for top mobile credit card readers, then here’s a list of the top five platforms.

1. Square

Square is a revolutionary mobile credit card reader that gives you everything you need to manage your business. It lets you scan an unlimited number of cards within the required time. It has a user-friendly interface, and the setup is quite easy and understandable, so it has positive feedback on this credit card reader. The payments through Square are compatible with any of the devices like Android or iOS.

On the other hand, as a part of business inventory management and facilities of multiple user access is an integral role, the mobile app of Square helps you with it. Best of all, the credit card information in Square provides end-to-end encryption at the moment of swipe.

It doesn’t store your card details after a particular payment is processed. Moreover, you can send receipts via email or text message or connect to a receipt printer to a tablet, thus making your work pretty much easier.

If we talk about the charges, on the whole, there is no monthly fee for the Square POS app, you only need to pay the standard 2.6% + $0.10 as a transaction fee.

2. PayPal

PayPal has an outstanding POS service that is specially designed to manage your business and track sales. The app has an intuitive, easy-to-use interface, and things like managing inventory and editing business information can be done effectively.

The PayPal app is suitable for most iPhone, iPad, and Android devices. Just like Square, after each transaction, a receipt can be sent over email or text message and print via Bluetooth printer. With Paypal, you will get 24/7 customer support.

You can email them, call them or get in touch with an agent through online chat which is quite good as compared to most credit card readers with limited business hours. This card reader provides you with secured transactions to prevent fraud.

It is worth noting an important aspect of PayPal is its fee structure. There is no fee to transfer money to or from friends or family who have a PayPal account. Here, you can purchase chip and contactless readers for $79.99. Moreover, the monthly fee is just $30 if you want to use a virtual terminal. Transfers are available in most countries so it is a universally accepted credit card reader.

3. Shopify

With an increasingly online business, you can spread your wings globally through Shopify. It is a top-rated credit card reader for online payment and selling your goods online. Shopify’s app and readers work with iOS and Android mobile devices and accept all major credit cards. Over here, the automatic sync of mobile and online store data is cited as one of the best features.

Shopify can be integrated with social media platforms like Facebook. You can recreate your entire shop on your Facebook page wherein your customers can buy straight from you without redirecting to the website. It has an extensive online help center for customers whenever they shoot up with any problem.

Shopify POS service starts at $29 per month for the basic plan which provides a free swipe card reader for up to two users. In-person transactions on the basic plan cost you 2.7% while online rates start at 2.9% + 30$ per transaction. With these plans, it’s good to start investing in any of the businesses.

4. PayAnywhere

PayAnywhere is a perfect mobile credit card reader for all small-scale business enterprises out there. This platform is predominantly focused on providing mobile credit card processing and it is even competing with PayPal and Square. Moreover, it has features like managing inventory, sending invoices, employee time tracking, and generating digital receipts. The unique thing about PayAnywhere is it comes with pre-authorization which allows you to hold customers’ funds for up to seven days. It offers a multitude of payment terminal options with the ability to process swipe, chip, and contactless credit card payments.

If you are facing any issues, customer support is available. Additionally, Pay anywhere will store your offline transactions so you need not worry about poor internet service. The downside of this platform is it lags in e-Commerce support and inventory tracking.

PayAnywhere offers two pricing tags – one is targeted at small business and offers pay as you go pricing and another is customized to each merchant.

5. Intuit GoPayment

Intuit Gopayment is one of the most affordable mobile payments available to small businesses whose average scale is around $30. This intuitive payment app is available for both Android and Apple devices. This app is completely free so you only need to pay for its payment processing services. One of the great features of Intuit Gopayment is that it syncs all your sales, payments, and inventory transactions to QuickBook Point of Sale automatically. It even has got a sophisticated Secured Socket Layer using end-to-end encryption for security purposess. So, all credit card details are never saved on any mobile device. Since it has got a straightforward interface, the user reviews are quite good. Intuit Gopayment charges $20 per month.

Wrapping Up

The above listed are the top mobile credit card readers most suitable for any new startups or small businesses. Since many of the listed readers have the ‘pay as you go option’, so make the best use of it. Choose which features address the specific need of your business.