What You Need To Do Before Starting To Accept Mobile Payments

Posted: October 20, 2013 in Articles
Tags: , ,

Mobile PaymentsA few things you should do before you begin to accept payments with your smartphone.

Over the past ten years, mobile phones have emerged as one of the fastest growing technologies on earth. Today, billions of people the world over possess mobile telephones and that number grows by the hour. These handy little devices have changed how we communicate and shop. If you’re a merchant who is planning on accepting mobile payments you should know that there are some security concerns to be aware of.  Here are a few things you should do before you begin to accept payments with your smartphone.

Identify Your Devices’ Vulnerability

In order to ensure that your devices are safe to use for accepting mobile payments, you should have your devices scanned by security software that’s designed to identify risks and vulnerabilities. Even though your mobile devices provide you with new ways to make conducting business easier, those devices are not built for security. Criminals are always finding new ways to steal data through mobile devices but scanning software can help protect you. This type of scan will enhance your merchant data security and will ensure that your devices are safe to use when wirelessly accepting credit card payments.

Choose the Right Payment Solution

When turning your smartphone or tablet into a point-of-sale terminal, you need to choose the right mobile payment solution for your business. There are over a dozen leading mobile payment solutions out there with Square leading the pack. But, just because Square is popular, it doesn’t mean that it’s the best solution for you. Square is ideal for businesses that do many small transactions like coffee shops and food trucks. PayPal Here is one that might be right for you if you already accept PayPal payments. Others to look into include Dwolla, LevelUp and Breadcrumb as all are considered easy to use, fast and secure.

Maintain Your Mobile Devices and Keep Apps Updated

The mobile devices you use to accept payments must be maintained optimally and all applications should be up-to-date. Get in the habit of changing your passwords frequently and even better, install a master password app as then you’d only have to remember one main password. It’s also important that you speak to your employees about the importance of safeguarding the mobile devices they use to accept payments. Don’t allow your workforce to use your company smartphones and tablets for personal web browsing.

Be Sure the Mobile Payment App and Card Reader is PCI Compliant

The mobile payment app and card reader you choose to use have to be PCI compliant. The Payment Card Industry Data Security Standard was set up by the leading credit card brands to help secure credit card data. Consider visiting the website of SecurityMetrics (an industry leader in data security) to read more about PCI compliance as it’s very important you follow the standards and regulations. If you are found to be in breach of PCI regulations, you could lose your merchant account and be fined tens of thousands of dollars.


Image by Smart Photo Stock

Scott Aranda has worked as an ecommerce consultant for over 10 years. He laso blogs about technology, e-commerce and online marketing.

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