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![]() ![]() Combining merchant accounts and iPhone apps
Instantly accept all major credit and debit cards including Visa, MasterCard, Discover and American Express. This fast and easy way to accept payments with your iPhone or iPod Touch works in conjunction with a merchant account program.
Merchant accounts for iPhone apps Compatible merchant accounts include retail, online and mobile merchant accounts. Mail-order merchant accounts can be used as well. Customers can also make payments through PayPal on your iPhone or iPod Touch. Regardless of which bank provides your merchant account, both accounts will be linked so that incoming funds are automatically transferred to your bank account. Be sure to check out what the total operating costs are for the app's service. Merchants should consider the cost per transfer and the possibility of monthly fees. Some apps will have a month-to-month or binding contract agreement.
Selecting the right iPhone app The basic features that you should look for in an app are the ability to make charges, provide refunds and render transaction void. Being able to place a hold on the card can be useful as well. Each application's Web site will list its features in detail. Some apps have a gratuity feature and can collect a customer's signature. iPhone apps like ProcessAway, iSwipe and iMerchant Pro allows users to key in a customer's credit card information and track the payment. They also send receipts via e-mail as soon as the payment is authorized. You'll want to select an app that has security features that will not store personal data onto your iPhone or iPod Touch while doing business. SSL encryption will also establish trust with your customers so that they feel confident about making a purchase.
Published: April 1,2024Comments or Questions, Library of Stories
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