As merchant and consumers alike seek mobile devices to simplify different aspects of human life, the mobile payments industry has been rising significantly. From mobile eWallets that allow consumers to purchase goods using just their phones, to mobile POS terminals becoming more and more popular amongst small businesses, the world of mobile payments is constantly growing.
Why is the Mobile Payments Industry Growing?
The world of payments has been transforming ever since the e-commerce boom. The internet provided a whole new system of buying and selling, and e-commerce businesses have sought out credit card processors to accept payments on their website. After smartphones became readily available, merchants began seeking ways to accept customer payments through their devices, and consumers sought ways to simplify their purchasing options. With over 50% of Americans owning a smartphone, the mobile payments industry is seeing rapid growth with a burst of new technology. Additionally, with new devices like tablets, smartwatches, and Google Glass becoming available for consumer use, the mobile payments industry is expected to continue growing.
How Merchants Can Grow with Mobile Payments
The mobile payments industry is especially appealing to growing small businesses. With many merchants owning a smartphone or tablet, it may be easier to invest in a mobile payment solution rather than buying a register to handle cash payments. Many credit card processors provide mobile solutions that US merchants can easily obtain at relatively low rates. With efficient mobile credit card readers that plug directly into your device, merchants can take their business wherever they go and accept credit card payments anywhere they have a WiFi or 3G signal. This feature makes mobile payment processing perfect for merchants who own businesses that provide at-home services. Whether it is a construction company, landscaping business, or tutors who provide lessons, merchants nationwide are embracing the industry.
Mobile Merchant Accounts from Instabill
Instabill offers a fantastic mobile payment processing solution for US merchants. Qualifying merchants can choose from a list of mobile credit card readers that are compatible with iPhones, iPads, Androids, and other tablets. Additionally, Instabill’s mobile merchant accounts allow merchants to accept payments from the world’s most popular credit card brands including Visa, MasterCard, Diners Club, and more. Applying has never been easier—with high approval rates, most merchants can begin accepting payments in as little as three days. If you are ready to take advantage of the growing mobile payments industry, apply with Instabill today. You can contact us online or call 1-800-318-2713 to speak with a live representative today.