mCommerce and mobile payments can make the difference between a business being able to take a variety of payments and only being able to take cash. For traveling businesses, it is so helpful to include mCommerce and mobile payments in with your business to expand your money-earning potential.
Using mCommerce, businesses can appeal to an entirely new network of customers that wish to use credit or debit cards to make their purchases. For those businesses that travel to sell products at fairs, art shows, door-to-door sales and other means of mobile commerce, it is a good idea to consider how you plan to take payments. Limiting your payment acceptance to only cash and possibly check will limit the number of people willing to shop and spend their money with your business. Taking checks from unknown individuals can also be risky. That is why it is a good idea to consider looking into mCommerce. Now with the use of smart phones and other smart mobile devices, it is easy to accept mobile payments using credit and debit cards. There are a couple different ways you can use mCommerce and mobile payments. One of these ways is to accept payments in person using an attachment device including dashtop mobile using it with an electronic device. Other ways to accept mobile payments is through SMS text messaging. You can have your customers use their phones to text in their purchase and have that payment made directly to your account via text message. Keep reading to learn more about the different types of mCommerce and mobile payments using mobile devices or SMS marketing and text messaging technology.
mCommerce and Mobile Payments:
There are a couple different ways you can use mCommerce. Many businesses that travel to sell products will take advantage of adding mobile tools that they can plug in to their smart phone and literally use to swipe debit and credit cards for transaction. This is a super helpful way to be able to expand your business to the many customers that no longer use or carry cash. Because of the popularity of using debit cards instead of cash, many shoppers don’t even carry much cash if at all when they are shopping. Being able to accommodate these types of card shoppers is a great way to make more money because you are not limiting your business to just those individuals that want to purchase your products or services using cash.
Typically you can use the mobile attachment on your smart phone and download the accompanying application or software to your phone to begin accepting payments right away! Many mobile devices are becoming even more accommodating when it comes to mCommerce. That is why many online shoppers will use their smart phones to actually make purchases online. Some online stores will have technology available for text purchasing. This means, the user can log in to their payment gateway like PayPal and use their phone and SMS technology to purchase a product or service. There are many online companies that allow consumers to buy their favorite products and services via text message. In many cases, you don’t even have to visit the website or go to the store to make the purchase. An example of how these mobile payments take place include a woman seeing a dress she really wants to buy in a magazine. She can simple use SMS marketing technology to send the text code that is in the ad beside the dress via text message on her cell phone. By setting up these advertisements and accounts, users can purchase products anytime they see a product or service they wish to purchase.
This type of commerce takes on a whole new level of purchasing in addition to what is offered by mCommerce. In fact, using mobile payments via text message, the user doesn’t even have to be connected to the Internet to make the purchase. This means making purchases that much easier for the consumer as well as for the merchant. This is a huge new step in terms of shopping and enterprise. Many new businesses should consider adding in these new types of mCommerce and mobile payments in with their existing merchant services structure to begin appealing to more shoppers and to make more profits with higher sales overall.