Selecting the best mobile credit card reader in 2019

/Selecting the best mobile credit card reader in 2019

Selecting the best mobile credit card reader in 2019

A mobile credit card reader represents a type of credit card reader which allows merchants to process transactions on any location. In the recent period, there is a growing interesting in using this type of readers and it seems that there is more than one good reason for that.

First and foremost, these readers let businesses collect payments with the help of a single swipe. In this way, they will get an immediate record of the transactions. Next, the credit card readers that have mobile properties are easy to use and inexpensive. In most cases, all you need is a smartphone or a tablet, a terminal and an application to start taking mobile payments. Keep in mind that there are fees involved, but these fees are relatively low.

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Furthermore, there’s an added benefit of customer base growth because customers will be satisfied with the service. It’s always a relief to hear that business accepts checks, credit cards, debit cards, and cash and that you can buy things right away. Finally, thanks to mobile credit card readers you will be able to get the online record and add validity to your business.

The best mobile credit card readers in 2019

In order to find the best mobile credit card readers in 2019, you will have to consider a few things. There are a few things that can help you understand which option is the best. Some of these things include swipe/transaction rates, setup costs, equipment costs, service terms, pricing transparency, 3rd party integrations, ease of use, analytics tools, reporting tools, extra features, NFC and/or EMV capability, customer support and few other things. There are many solutions like this out there on the market, but only a few of them deserve to be called the best. In this short guide, we will reveal some of the best solutions you can use in 2019.

Shopify

Shopify is an eCommerce platform which provides access to a wide array of commerce tools and their mobile POS system is one of the best products they have. They have a small credit card reader which you can use with your existing Shopify-based business. Their reader is free for Shopify users.

Besides their reader, getting a package like this will give you access to the Shopify POS smartphone application. What’s important to remember is that you can’t use the reader as a standalone device – it’s part of the Shopify package. The good thing is that there are three plans to choose from and they are relatively inexpensive. The cheaper the monthly plan is the higher the transaction fee is.

All in All, Shopify is a good mobile card reader which comes with a free trial version and 24/7 customer support. However, this is not a standalone service.

QuickBooks Payments

The famous accounting software developer Intuit (TurboTax) has the QuickBooks Payments tool. This is a mobile card reader which is ideal for small businesses. In order to use this tool, you must download and launch the GoPayment application for iPhone and Android users. This reader is free for intuit users and has the ability to process chip methods and mag-stripe methods of payment. All it takes for this device to connect to the smartphone is a Bluetooth connection. We should also point out that QuickBooks Payments doesn’t come with a minimum usage limit or an installation fee. There are a fixed fees and a percentage fees for each swipe. Keyed entries come with higher fees.

QuickBooks Payments is part of the QuickBooks infrastructure. They are offering a free card reader which comes with no minimum volume of usage. The only downside here is that the transaction fees are slightly higher.

SumUp

If you are looking for an inexpensive card reader for mobile users then you should take SumUp into account. This mobile reader is used in more than 30 countries around the globe including the United States and the United Kingdom. The popularity of this product is constantly growing because it comes with many interesting features. For instance,   SumUp reader supports cards that come with EMV, a modern version of the chip credit/debit cards. This reader is based on micro-USB technology when it comes to connections. Its lithium-ion battery guarantees long operations without recharging.

The best candidates for this device are merchants that have a lower volume of buyers due to the fact that there is no monthly fee or minimum threshold when it comes to the number of transactions.

There’s just a fixed transaction cost (2.65%). To get this card reader you will have to pay just once. Just like many other devices of this kind, this one uses Bluetooth technology to get connected to a smartphone/tablet. It also uses a standalone app. SumUp supports different credit cards like Discover Card, American Express, Visa and MasterCard. It also supports Google Pay and Apple Pay.

So, SumUp is an inexpensive card reader that works with chip cards and doesn’t have a limit when it comes to transaction volumes. Yet, you should know that SumUp doesn’t support keyed-in transactions and it doesn’t provide instant withdrawals.

PayPal Here

Finally, we have PayPal Here on this list. As you have probably guessed, this is a solution created by PayPal and represents a mobile reader which has low-cost transactions. Even though it’s not a free reader, it’s relatively cheap and affordable. The best part is that you can find many add-ons for this device that will make your business transactions simpler and more effective. The reader manages card swipes and you can connect to a smartphone with the help of the headphone jack. Of course, PayPal Here uses a mobile app to work. Don’t forget that this device is created for sales volumes that don’t exceed 500 dollars per month. If the volumes go over 500 dollars there’s a thirty-day reserve policy in place. For higher sales volumes, you can use PayPal Chip & Swipe Reader as well as PayPal Chip & Tap reader.