by Marketing Department October 23, 2013

Last Updated: November 5, 2020

With the dawn of technology that allows you to take payments on the go, many people worry about whether or not this form of money exchange is really safe. After all, with identity theft on the rise, it is a valid concern. We’re here to tell you, mobile credit card processing is indeed safe.

As a business, it can provide an affordable alternative to a full point-of-sale system, and it can provide the option to accept credit and debit card payments if your business is mobile. As a consumer, it reduces the hassle of keeping cash on hand and makes it easier for a customer to be charged on the spot without waiting.

Data Remains Safe if Merchant’s Phone is Lost or Stolen

The merchant can use a PIN or a phone lock option to prevent an unauthorized individual from accessing the information on the phone. If the merchant is unable to locate the device, regardless of whether or not it is eventually deactivated, none of the customers’ credit card information is stored within the phone itself which makes mobile credit card processing just as safe as POS terminals. It is instead stored in the web-based mobile app. When the phone is deactivated, it can no longer access the Internet required to run those applications. With mobile credit card processing, your customer’s information is secure and safe.

For businesses, it is best to invest in a separate smartphone, to ensure the business transactions do not get mixed in with personal transactions you may conduct on your own. If you have multiple employees who will need a card reader, ensure you can handle the expense of additional phones—a business plan with multiple lines can accomplish this for you.

Transactions are Instant

With the mobile card reader, the transaction is complete the instant the card is swiped through the device. There is no need for the merchant to relay the information back to the office, or to another employee who may not care about the customer enough to keep the information protected and safe. This keeps the information between the card, the processor, and your business—the only places it needs to be.

No Need to Read Credit Card Numbers Out Loud

Reading credit card numbers out loud for a credit card transaction to be processed over the phone represents a risk for the credit card holder, unless they’re reading the numbers in a private environment, alone. It is easy for other people to hear the numbers as they are being read, either by the credit card holder, or by the person on the other end of the phone checking for accuracy. Anyone within earshot could easily write down the numbers, expiration date, and CVV2 security code on the back of the card to use it later. Even if you didn’t see anyone with a pen and paper nearby, it’s also possible for them to memorize the information and commit fraud with it later. With mobile credit card processing, you simply swipe the card and it’s done, so there’s no need to communicate the account information.

Paper Trail is Eliminated

When using mobile credit card processing methods, there is no need for the customer to have to write down their credit card information for the merchant to take back to their store to process and finalize later. This method also prevents a transaction receipt from being handed to the customer. Either the customer or the merchant could misplace the information or the receipt, meaning it could easily land in the hands of a thief who could use the information to commit fraud.

Mobility Increases Safety

When your business is mobile, where you are and when transactions occur becomes increasingly unpredictable. With a physical store location, thieves are aware of where the money is and when they can access it. The transactions in various environments decreases the chance of an information breach, thereby adding an additional layer of protection for both business owner and consumer. Mobile credit card processing involves storing encrypted credit card info onto a secure server where sensitive information is less likely to be compromised.

Payment processors who offer the mobile card readers are using top-of-the-line technologies to ensure the information they collect and use remains safe. The security measures in place, such as address verification, CVV2 verification, and secure socket layer (SSL) certificates used for traditional processing are also used in mobile credit card processing.

Still not convinced mobile credit card processing is worth it? Using a mobile processor offers greater convenience and flexibility compared to a traditional processor, and is often times much cheaper than a stationary system. This is an ideal choice for mobile businesses, and sole proprietors who operate out of a single location, who would otherwise not be able to afford the investment in traditional credit card processing.

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