Merchants, Do You Have a Mobile Payment System? – Infographic
Mobile payment systems once had a bad reputation, from their supposed lack of security. This rumor could have ruined the industry, but it did not. In fact, the vast majority of mobile payment systems have just as good – if not better – security than traditional terminals.
All merchants need to look to this new wave of payment systems. Sadly, not all processors are behind the changes, so if yours is not, you may consider changing to a processor who is, such as eMerchantBroker.com.
In the infographic provided by eMerchantBroker.com, you can see some of the many revolutionary changes made in the mobile payment system over the years. While the United States seems to be on the forefront of everything new and cool, we are not yet currently on the forefront of mobile payments.
eMerchantBroker is the third behind Asia and Africa in the amount of mobile payments, and currently around 400% of North Americans surveyed by Nielson have used a mobile payment device of some sort. These devices are numerous, and range from Apple Pay scanning apps, to QR scanning codes, to mobile card terminals.
There are endless reasons as to why these payment methods are great, and one of the most important is that it is estimated that nearly 450 million mobile users will be around come 2016.
Without a way to process mobile payments, you will lose business. It’s not only mobile businesses, such as food trucks and groomers, who need this technology. It can be a major help if you are remodeling, but still want to stay open.
It is great for stores that have periodic sidewalk sales, and stores that just don’t have room for a traditional desktop terminal. You need to take a good look at the new mobile payment systems, and decide is you need to jump on board the mobile payment ship. It can’t hurt business, but it can sure improve it.