Top Mobile Payment Apps?

Receiving payments from your customers is merely a handheld’s game now. In addition to games, calorie counters and movie times, you can now use apps to receive payments from your customers. We have always preached that you have to find ways to make it easier for your customers to pay so as to be an accounts receivables management pro. Imagine getting paid right in your customers’ offices, while meeting them at a construction site, at a restaurant or even on the street. These mobile payment apps let you turn your phone into a portable payment portal, using secure and reputable services.



1. Intuit GoPayment(intuit.gopayment.com)

The Intuit GoPayment mobile payment processing system includes a free card reader and apps for iOS devices and most Android phones and tablets. Intuit is more commonly known as the makers of Quickbooks, one of the most popular accounting software for small businesses. Up to 50 individual users can install the mobile payment apps and process payments from their own mobile devices. For the free pay-as-you-go plan, each swipe will cost you a 2.7 percent fee (and 3.7 percent for keyed payments). Alternate paid plans with lower fees are also available. As you would expect, GoPayment allows Quickbooks users to integrate their mobile payments into their accounting systems seamlessly. The website enables you to search for and view transactions, as well as generates reports; you can also set up recurring payments. But you can’t view an itemized receipt that shows prices, taxes, and tips–you can see these details only on the app.




2. PaySimple(www.paysimple.com)

PaySimple accepts and let you process debit card, credit card and electronic check payments anytime and anywhere you can use your phone. You can use this mobile payment app to maintain and manage customer anywhere and never ask for payment information twice. You can even key in their credit card information and receive payment on the spot. To save you from hassle, PaySimple sends your customers payment reminders, overdue notices, receipts and expiration notices. The web-based PaySimple Pro service automatically syncs and keeps track of all your mobile payment transactions, providing you with clear and easy-to-read reports. Credit card processing rates vary according to your plan. PaySimple is available on Apple and Android mobile devices.



3. Square(squareup.com)

For efficient business connectivity, Square Card Reader is the application to vouch for. Square is a portable card reader that seamlessly fits into the headphone jack of the phone and allows you to accept customer payments on the go. The attractive square-shaped reader is a sleek way to conduct business conveniently and efficiently. A streamlined interface can help even the least tech-savvy track sales, send text or e-mail receipts and collect tips and tax all from one mobile device. Square will also generate financial reports, so you can keep your finances well organized. The 2.75 percent rate for credit card swipes is slightly higher than Intuit’s 2.7  percent, but Square provides a lower rate for keyed in payment, charging 3.5 percent compared to Intuit’s 3.7 percent.



4. PayAnywhere(www.payanywhere.com)

PayAnywhere is a mobile payment app with complete mobile credit card processing system on the market that provides some of the lowest transaction rates in the industry, just 2.69% per swipe. PayAnywhere also offers 24-hour live phone and online support, in case anything goes wrong with your mobile payments. PayAnywhere lets you pay-as-you-go, with no monthly minimums or monthly fees. Receive funds within 2 business days of processed sales. PayAnywhere is not just a mobile payment app, as you can create an inventory of your goods and record cash payments to include in your sale reports. The GeoTax add-on instantly calculates the sales tax wherever you are which comes in handy if you have a far-flung customer base.



5. PayPal:(www.paypal.com)

The popular online payment website, PayPal, now has a mobile payment app. The feature of taking a snapshot of the check with your phone to add the funds directly to your account is perhaps one of the coolest features of this mobile payment app which makes it distinct from other apps too. PayPal is an especially convenient app to have on your phone simply because it’s everywhere. While customers may feel insecure about the newer forms of online payment, PayPal is a familiar and well-trusted site.

Conclusion:

When it comes to accounts receivables, mobile payment apps may help cut down on the cat-and-mouse game of charging for payments. Mobile payment trend is extremely consumer-focused. Making the process easier is one of the best ways to ensure you get paid. Credit card payments charge a small fee, but customer convenience creates great returns.