Mobile credit card processing competition is getting interesting.
Square has pretty much had the market to themselves in providing credit card handling and processing with their tiny devices which can be plugged into Apple iOS products or Android smart phones. And they have seen some big growth this year. But it appears that things are going to change now that Intuit has introduced their GoPayment unit along with credit card handling and processing. While this is not completely new, the fact that they are integrating it with QuickBooks is news. These two are much different than the expected NFC smart phone chips which use Point of Sale (POS) devices to process payments. Not of too much value if you are mobile in your business. The value Square and GoPayment provide is the ability for your business to be mobile and not be tied down by phone lines or large credit card readers. And this is the future for accepting credit card transactions for small business.
It was only a few months back, where we talked about the growth of Square. Square devices are something every small business should consider. And now there is Intuit’s GoPayment device with Quickbooks integration which gives small business owners more choices on how to handle credit card payments. Especially if your business is mobile.
Reviews comparing Square and GoPayment are showing up and the decisions between the 2 services is not that simple. Obviously, your specific business needs will help you make a decision as to which one to go with. Pricing varies between the two competitors, but the big differences is all the other services you may already be using with Intuit. And with the integration with QuickBooks, it may make it more enticing for you to consider.
For a small business, it is all about choices and with these two solutions, you have just that. Whether it is Square’s card reader or GoPayment’s card reader, you have the ability to process credit card transactions in a very easy way. These devices are small and compact, unlike some other solutions which are much larger. And it is so easy to sign up and get started. You get the card reader free based on what the sites are showing today and there is no reason to believe that is going to be changing in the future. These two are competing against each. And competition like this is good for your small business.
If you have not taken advantage of these small credit card readers and payment processing for your small business, you should take some time and see how it could be a benefit to you.