(EMAILWIRE.COM, August 07, 2013 ) Las Vegas, Nevada -- In 2011, only 23% of POS transactions were made with cash, and this number is expected to steadily decline over the next decade. For very small business owners, a group which traditionally only could accept cash payments, the shift towards cashless transactions was detrimental to sales. Now, even very small business owners are able to accept credit card payments thanks to mobile technology.
Business owners can simply attach a mobile credit card reader to their Smartphone and, with the help of software, will be able to turn their phones into a credit card machine. Square was the first mobile credit card reader to make it to the market but it has since been joined by numerous competitors, including Intuit's GoPayment and VeriFone's PAYware. There are also several other mobile credit card readers for business owners to choose from.
While these mobile credit card readers still do represent the most modern technology available, they too soon may become a thing of the past. As the website CreditCardMachinesforSmallBusiness.biz points out, NFC technology is killing credit cards, and thus will also kill credit card readers.
NFC, or Near Field Communication, technology allows two devices with NFC chips to communicate with each other. With the help of software like Google Wallet, an NFC-enabled Smartphone can be pressed against an NFC-enabled credit card machine to process a transaction without any need for swiping a credit card. Mobile wallets have been slow to catch on, but they are growing in popularity.
Credit Card Machines for Small Business proposes and interesting scenario for the future of very small business payments: a customer will simply push his/her Smartphone against the seller's Smartphone and the transaction will be completed.
About Credit Card Machines for Small Business
Credit Card Machines for Small Business keeps business owners up to date on the latest trends in the credit card processing world, and also provides in-depth guides on selecting credit card terminals.
Robert Brooks
702-800-3262
media@creditcardmachinesforsmallbusiness.com
Source: EmailWire.Com![]()
Business owners can simply attach a mobile credit card reader to their Smartphone and, with the help of software, will be able to turn their phones into a credit card machine. Square was the first mobile credit card reader to make it to the market but it has since been joined by numerous competitors, including Intuit's GoPayment and VeriFone's PAYware. There are also several other mobile credit card readers for business owners to choose from.
While these mobile credit card readers still do represent the most modern technology available, they too soon may become a thing of the past. As the website CreditCardMachinesforSmallBusiness.biz points out, NFC technology is killing credit cards, and thus will also kill credit card readers.
NFC, or Near Field Communication, technology allows two devices with NFC chips to communicate with each other. With the help of software like Google Wallet, an NFC-enabled Smartphone can be pressed against an NFC-enabled credit card machine to process a transaction without any need for swiping a credit card. Mobile wallets have been slow to catch on, but they are growing in popularity.
Credit Card Machines for Small Business proposes and interesting scenario for the future of very small business payments: a customer will simply push his/her Smartphone against the seller's Smartphone and the transaction will be completed.
About Credit Card Machines for Small Business
Credit Card Machines for Small Business keeps business owners up to date on the latest trends in the credit card processing world, and also provides in-depth guides on selecting credit card terminals.
Robert Brooks
702-800-3262
media@creditcardmachinesforsmallbusiness.com
Source: EmailWire.Com