A person who has an American Express card generally spends about $7,714 through a credit card merchant annually. And in 2012 alone, purchases made on the Internet in North America came to $389.5 billion. According to Forrester,in 2013, people who bought products online spend about $262 billion.
Considering these factors, if you run your own business, you’ll probably want to ensure that you can accept credit cards–and more specifically, accept credit card payments online–in order to maximize sales. Thankfully, online payment processing companies can provide merchant processing services to help facilitate this. Otherwise, your business could be missing out on a lot of sales.
With more and more people using mobile devices such as smartphones and tablets to make purchases, you’ll probably want to work with a company that also specializes in mobile payment processing. If your business cannot afford to use a lot of different credit card machines, this method makes sense because the transactions can be taken care of all on a single device. The mobile means can also boost your relationship to your customers by providing faster and more convenient service.
If you have further questions, comments, or recommendations on how businesses can accept credit cards on mobile devices, feel free to share your ideas in the section below.