Best Mobile Credit Card Readers (MCCR) for Your Small Business in 2021

Are you a small business owner thinking of ranking your business in the growing popularity of cashless policy? What's important is get a MCC reader to avoid missing out on customers having only debit and credit cards.

Why a Need for Good Mobile Credit Card Readers (MCCR) for Small Businesses in 2021?

MCC readers is the right option to enable cash flow in your business, this when well equipped helps you to gain more customers when they are aware you have tools that can accept their debit and credit cards. However, just few people go out with cash. For people who doesn't have any idea about getting a MCC reader, payment can be processed using your cell phone, iPad or tablet for your business transactions. Although, there are some questions that might cross your mind as regards reading this article. What's mPOS? Benefits of mobile credit card readers? What are the comparison and differences of MCC readers? How can I get the best MCC readers? These questions are what I have proffer answers to. Still on the note, let's go through the benefit of MCC readers to small businesses.

· Free/cheap POS : A CC reader, a cell phone and a free mobile app. These are all what you need to process your transactions.

· Ease of making mobile sales such as pop-up events, trade fairs e.t.c

· Make you reach customers that runs cashless policy.

· Compared to paper invoices, mPOS makes transactions faster.

It might not just function as CC reader only as well as perform the following tasks.

· Invoicing

· Basic inventory



· Web store integration

· Social media selling e.t.c

What is Mobile Credit Card Reader (MCCR)?

Giving an insight about mobile credit card readers without demystifying Mobile POS (mPOS) won't make the real sense. So therefore, mPOS is versatile, functions autonomously of sophisticated merchant services and utilization is worldwide. All you need is mobile phone and POS system app that process on your cell phone, tablet or iPad. By utilizing operating system software to run transactions, this operation similar to that of traditional POS system. The electronic connection between merchants and Mobile POS systems (mPOS) is where Mobile card readers plays its pivotal role. This card accepts both debit same as credit card and process transactions by swipe or chip card tap.

From the onset, it is necessary to sought out for advance tools that can accept Near Field Communication (NFC) and chip card (EMV) payments to ensure your card reader can handle mobile wallet and chip card.

Chip cards (EMV): In the most easiest and convenient way, this chip card render your customers buying and selling services with no ado incurred. EMV chip cards is way out of credit card information theft because it utilizes new synchronization for every transactions, which make it more safe than the antique magnetic stripe swipe technology.

Mobile wallets: This include Google Pay and Samsung Pay, they are all contactless systems. Mobile wallets utilizes Near Field Communication (NFC) technology which serves as wireless link between cell phones and card readers. It allows wireless transactions via NFC between readers and cell phones. Using NFC is very fast, safe and since credit card details is available in the customer's mobile pocket, it doesn't requires credit card. In this revolving world , people now carry out transactions with credit cards linked to mobile pocket software via their cell phones.

Comparison between the best MCC readers

MCC Readers

Cost of Readers

Funds Deposit Duration

PayPal

$18

1 day

Square

$49

1 day

PayAnywhere

$21

1 day

Shopify

$30

1-3 days

Intuit GoPayment

$21

1 day

Based on your business, you will select that which is right as regards products and services. Below are set of best MCC readers for small business in 2021.

Square POS - Credit Card Reader Link

Square POS
Square POS

Square POS is quite expensive to acquire but it is quite easy to use and get acquainted to. It is among the famous mobile CC readers in cashless society, through free POS software for Android and iPhone. It accepts common credit cards and can be activated on iPad, Android and iPhone. Some of the ways through which Square is beneficial is that, it doesn't incur monthly charges or unknown fees and a Magstripe card readers is given free. All common Credit Card have one processing rating: 2.6% + $0.10 for swiped, dipped or tapped transactions, 2.9% + $0.30 for consecutive e-commerce and invoice, 3.5% +$0.15 for every keyed-entered transactions.



Learn more in the video below


If in a situation whereby the power supply failed, an offline mode gives chance to pay similar processing cost for swiped transactions. Invoicing, inventory management, service businesses and facilitation of numerous users are the services carried out by the mobile POS. You may buy the $49 NFC reader or $17 three month installment payment which make Bluetooth enabled equipment to accept chip card (EMV) payments and contactless (NFC) payments such as Samsung Pay, Google Pay e.t.c.. Square transfer your cash with at least 1-2 business days.

Benefit

Headphone jack or port reader

Feature

$45 bluetooth, EMV reader

Monthly cost

$0

Processor rating

2.6% plus $0.10

Funds deposit

one - two days

Shopify - Credit Card Reader Link

Shopify
Shopify

Shopify is an amazing platform for retailers who sells at trade fair, pop-up events and even on social media. You can sell both offline and online with Shopify, it's accompanied with mobile software Android and iPhone, card readers and online play store. Online transactions attract 2.9% plus 30¢ and one on one transactions on this plan charges you 2.6%.

Shopify service begins at $29 a month, which is for the basic plan, with $24 you can purchase Shopify's chip card readers, and also get swipe reader for $29. Shopify promise to deposits your money within one to three days.

Benefit

Bluetooth and EMV reader

Feature

Tap + chip reader($2)

Monthly cost

$9.1

Processor rating

2.4%

Funds deposit

One-three days

Intuit GoPayment - Credit Card Reader Link

IntuitGoPayment
Intuit GoPayment

Intuit QuickBooks app connects current accounting system to mobile payments through MCC reader. It charges 2.4% plus 0.30¢ for transaction fees and costs $22. This mobile card reader has it's own pros and cons, Intuit reader and Gopayments app has its compatibility and its drawbacks include no contactless (NFC) processor which won't make it to read Samsung Pay and Android Pay and also require higher monthly subscription.

Learn more in the video below

PayPal Here - Credit Card Reader Link

PayPal Here
PayPal Here

For a wide online business owner and one-on-one presence, the best option for you is PayPal Here. It's cheap and affordable in market compare to others, you gain flexibility in payments around the proximity of the mobile device via the Bluetooth enabled MCC readers. With PayPal Here you can perform inventory, invoicing, service businesses, facilitate multiple users and also accept checks from iOS app or Android app. From outset of your plan, you can get Chip card with swiper for $24.98 or basic mobile reader for $14.98. However, you can also step up the magstripe transactions or Charging plus Chip and Tap for contactless, all for $79. All PayPal Here common Credit Card have one processing rating: 2.7% + $0.15 for swiped, dipped or tapped transactions and 3.5% plus 0.15¢ for each keyed-entered transactions. PayPal Here carry out their deposits in one business day and doesn't charge per month subscription fees unlike Square POS.



Learn more in the video below


Benefit

Free Magstripe supported Bluetooth and EMV.

Feature

NFC supported Bluetooth reader($79)

Monthly cost

$0

Processing rating

2.7% + $0.15

Funds deposit

Instant transfer

Payanywhere

This is one of the cheapest mobile credit card readers, there is no monthly transactions cost, free credit card attached with the package as you are charged 2.69%/transactions. What differs between Gopayment and Payanywhere is that the former charges extra $0.25/transactions and the latter is slightly higher than GoPayment of 2.4%+0.30¢. As you upgrade your plan, the more the benefit you enjoy with reduction to about 1.70% for swipe transactions.

Learn more in the video below


You gain access to rent receipt printer, tablet terminal if you work with the aforementioned standard plan

Benefit

Magstripe supported Bluetooth reader, EMV, NFC ($25)

Feature

Tablet, receipt printer

Monthly cost

$0

Processor rating

2.69%

Funds deposit

One day

Features of a Mobile Credit Card Reader

1. EMV Support: Accepting chip cards enhance this flexibility between you and your customers in terms of payments because not all have inbuilt magnetic stripe in them.

2. NFC Support : Near Field Communication enables contactless transactions which allows customers to pay with their mobile devices like cell phones, Samsung Pay e.t.c

3. Good Battery Life : For a very busy transactions, you will actually need a MCC reader that can last for about a day or more without running low.

4. Fast Funding Duration : However, the best thing your business may need is either instant deposit or next-day transfer but you can still work with 1-3 business days funds deposit.

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