The 5 Best Mobile Credit Card Reader Apps for Your Small Business

Investing in mobile credit card reader apps is a smart decision for small business owners because it gives your customers more payment options, especially if you travel for outside sales. Businesses are rarely cash-only and it can frustrate customers if your business accepts limited forms of payment. Apps make it easier for your customers to pay how they want, even for small purchases, and will help with customer satisfaction and retention. When comparing apps for mobile credit card readers, there are several factors to consider, starting with ease of use and compatibility with a wide range of mobile devices and phones. Here are the five best credit card reader apps on the market.

1. ROAMpay

This app is unique because it is one of the few on the market that offers a combination card swiper that works with an Android phone, the iPhone, and a BlackBerry. It even works with certain flip phones and older mobile phones. ROAMpay provides end-to-end encryption when transactions are made as well as a secure PIN-based user authentication, which means it ensures the highest levels of data security possible. Its ability to work with so many types of devices makes it a great option for small business owners who want to provide the most convenience for their customers.

2. PayAnywhere

This is one of the least expensive options available for mobile credit card reader apps. The reader is free and accepts most major credit cards, including MasterCard, Visa, American Express, and Discover, and charges a low rate of 2.69 percent per card swipe. By giving you the basic features without setup costs, hidden fees, or minimum monthly payments, this is one of the best apps if you’re looking for a low-cost, quick solution.

3. Square

This is one of the most recognizable and popular apps. It costs a little more than PayAnywhere, charging 2.75 percent per swipe, but the device and app are both free, it doesn’t require any contract, and the money will be deposited directly into your bank account following a transaction. The sleekness and small size of this app make it attractive and simple to use. It plugs right into the audio jack of the device. One downside, however, is that it only works with Androids and iPhones.

4. Intuit GoPayment

Intuit GoPayment is similar to Square, but it works with Androids, iPhones and other Apple products, as well as BlackBerry devices. This app charges a monthly fee of about $13 but has lower transaction fees than most other apps. If you can calculate the number of transactions your business makes per month and estimate a high number of transactions per month, this is a great option for your business.

5. PayPal Here

PayPal is well-established in the electronic payments industry, and its solution is one of the most reliable and convenient out there. However, like Square, it only works with Apple devices and Androids. This app offers different types of payment plans, so you can choose a package depending on how advanced your business is or you can tailor a package to your needs.

Investing in a mobile credit card reader app might be one of the smartest business decisions you will make. According to an article from the “Times Free Press,” a small business owner estimated about 90 percent of his customers pay with debit cards and said he experienced “more money in the bank account and fewer missed opportunities” after he started using a mobile credit card reader app. When comparing these apps, remember that most of them offer receipts, invoicing, sales tax calculations, and other basic features included in any normal point-of-sale software.