Mobile Payments For Small Business Owners Is Growing

Mobile payments devices and enhanced technologies are making it easier than ever before for business opportunity and other small business owners to get paid in a day or days as opposed to weeks or months.

That’s great news seeing as almost half of them said in a recent Bank of America survey that NOT getting paid on time by their clients and customers is their biggest challenge when it comes to managing cash flow.  Mobile payments solves much of those issues and a lot more.

Services like PaySimple, Intuit GoPayment, PayPal Here and Square have made credit and debit-card processing a snap on the go for sure, while newer services even enable payments to be processed by taking photos of cards and checks using a smartphone. WePay’s new iOS mobile app not only allows for credit card processing, but it also enables business owners to create professional-looking invoices quickly and easily and then to accept payment via those invoices, all within the app.

Mobile Payments

“We felt that the needs of small business service providers weren’t being met by existing mobile payment apps,” said WePay’s CEO, Bill Clerico, in a statement last week. “Our solution offers these businesses everything they need to get paid…professional invoices, credit card processing and unparalleled customer support—all without requiring any extra hardware or a dongle.”

As mobile payments option are becoming more commonplace, concerns are mounting among business owners as well as their customers around the issues of security and liability, especially given the fact that smartphones are not primarily designed to be used as point-of-sale tools. That’s why choosing a reputable company like WePay that makes every effort to maintain “first-in-class security credentials” is so important.

The company tests its system daily, both manually and automatically, to protect its clients’ information from security threats and fraud. As a certified Level 1 (the highest level) PCI Compliant Service Provider, WePay puts employee training and education at a premium. Moreover, all the money that runs through the company is held in a protected account by WePay’s FDIC-insured partner bank, so funds are never at risk.

Of course, small business owners can also limit their exposure to any online threats by using complex passwords and deploying anti-malware software throughout their business wherever possible.

Mobile Payments
Other Great Options for Running Your Small Business from a Smartphone…

There’s a new infographic created by Salesforce and Desk.com Customer Support Services and featured on TechRepublic.com that offers a great overview of just some of the really cool and affordable options available to any small business owner who wants to run his or her enterprise entirely from a smartphone.

Financial management, file storage, document editing, communication, customer support and monetary transactions…it’s all here in one fun, easy-to-digest snapshot. Just click on “Running a Small Business from a Smartphone—The Infographic” now and see for yourself!

How about you? Do you use mobile payments to bolster your bottom live? Do you use mobile options to run your small business? How’s it working for you? What service providers do you find meet your needs best? Let us hear from you…

SOURCE: Bank of America

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