MerchantAccountReviews.biz reviews most of the well-known iPhone payment apps, such as the Square reader. These free devices that attach to a user’s smartphone are especially convenient for both buyers and sellers. Craftspeople, outdoor vendors, nightclub owners and artisans can now accept fast, secure credit card payments in lieu of cash. Non-profit groups can also benefit from accepting online credit card payments, because online merchant accounts allow for accurate recordkeeping.
The website also features an updated blog that releases current news about the payment processing industry. It offers advice to merchant account holders and direct comparisons of companies. Business owners can also learn about credit card processing fees and choosing the best merchant account for their needs.
Statistics on Mobile Payments
Mobile devices include smartphones and tablets, which are growing in popularity. Many consumers prefer to use these products instead of relying on bulky laptops and desktop computers. The two most popular brands, iPhone and Android, currently work with several credit card swipers. Although the industry is new, there should be many more competing merchants in the next few years. When more of them join the industry, consumers should expect to see lower fees as credit card processors compete with each other. Experts also estimate that the number of people who process payments on smartphones will double by 2013; Juniper Research also estimates that over two billion worldwide consumers will buy items on their mobile devices in the next year.
Anyone is able to review the different merchant accounts for the benefit of others. Website visitors can leave personal reviews of any credit card processor in the comments section. They are also able to rate the company on its features, fees and customer support with one to five stars. MerchantAccountReviews.biz is currently accepting new merchant accounts that want to be featured on the site to collect user reviews.