Myths About Mobile Credit Card Processing

By Brooke Tajer on
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iPhone credit card processingWith all of the new technology, and a slew of companies touting the best rates and equipment, mobile credit card processing can be a confusing industry for small business owners to navigate. Here are 10 myths about mobile credit car processing, courtesy of Business News Daily.

Myth 1: I already have a POS system – the hassle isn’t worth it.
Myth 2: Setup is difficult and complicated.
Myth 3: All rates are conveniently the same.
Myth 4: Credit card information is stored on my mobile device after a transaction.
Myth 5: It raises the risk of fraud.
Myth 6: Wireless devices are unreliable.
Myth 7: Mobile processing apps are error-free.
Myth 8: If we build it, they will come.
Myth 9: Mobile wallets are about to happen.
Myth 10: The biggest business opportunity in the mobile payments space is in developed markets.

To read how these myths were busted visit Business News Daily. To see how PayAnywhere can help you grow your business, visit


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