Mobile Point of Sale Solutions
The recent advances in mobile devices combined with the increasing volume of card payments has driven requirements for SMEs and Sole Traders to seek more flexible, and cheaper solutions for taking card payments.
A recent payments report, noted that Mobile point-of-sale (mPOS) is revolutionising the POS terminal industry. It is estimated that the market is poised to grow by 400% over the next four years, 46% of all POS terminals in 2019 are expected to be mPOS and the market will be worth an estimated $43 billion by 2018.
A solution which is seeing growing take-up in the UK (and globally) is the matching of a simple, cheap chip and pin card reader with an App on a mobile device (e.g. iPhone, iPad or Android phone/tablet) to provide the ability to take payments almost everywhere, i.e. just subject to the availability of Wi-Fi or 3G signal.
Now several companies provide solutions are suitable for any business seeking a card reader with low initial cost and no monthly fees but are particularly suitable for mobile businesses.