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Best Mobile Credit Card Processors

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    Credit card processing systems can be expensive, and having the means to process card payments has already become essential for merchants. In fact, statistics show that 38% of all point of sale (POS) system transactions in 2020 consisted of card payments. If you want to expand your payment options but can't afford a card reader yet, opt for a mobile credit card processor.

    This type of card reader is perfect for small business owners who process a small volume of orders every month—around $3,000 to $4,000 worth. All you'll need to start processing credit and debit card payments is your smartphone and payment processing app. There are no pricey POS device rental or setup fees involved.

    Top Mobile Credit Card Processors in 2021

    1. Best Overall Option: Square

    The best mobile POS for SMBs to check out is Square. They offer a very versatile system compatible with various Android and Apple devices at fair, competitive rates. Plus, the app is easy to navigate. Even a complete beginner can fully utilize the app's features after a few hours of tinkering.

    Pros

    • Zero annual and monthly fees
    • Versatile, multi-feature system
    • Competitive processing rates

    Cons

    • Does not work with high-risk clients

    2. Best for eCommerce Shops: Shopify

    Getting into the eCommerce business has never been easier with Shopify. They have an easy-to-use editor you can use to build a shop from scratch and a payment gateway that allows you to accept payments globally.

    Pros

    • Streamlined eCommerce site builder
    • Flexible, predictable pricing plan
    • Processes in-store payments via chip cards as well

    Cons

    • Some features might not be compatible with Android devices

    3. Best for Low-Volume Orders: PayPal

    Every small business or startup struggles with payment security and fraudulent chargebacks. This lack of experience leaves them vulnerable to cyber attacks, and in most cases, they don't even know how to respond. If you're in a similar situation, try PayPal. They have strict guidelines that prevent any type of fraudulent activity from happening within their platform.

    Pros

    • Reputable brand with decades of experience
    • Predictable pricing
    • Accepts Google Pay
    • Offers a streamlined invoice generator
    • Suitable for freelancers as well

    Cons

    • Guidelines may not always be in favor of the merchant

    4. Best for High-Volume Orders: FattMerchant

    Businesses that process high-volume orders but want to use mobile POS devices first can opt for FattMerchant. They're the only mPOS on this list that can accommodate monthly orders upward of $5,000.

    Pros

    • Fair, reasonable pricing for high-volume orders
    • Multichannel payments accepted
    • Top-notch customer support

    Cons

    • Only works with merchants based in the U.S.

    5. Best for Basic Payment Processing: SumUp

    Small businesses who don't want the fancy, expensive POS devices and software programs that larger credit card companies offer can opt for SumUp. What sets their system apart from the rest is its simplicity. It offers a simple in-store payment processor that offers streamlined features to help with inventory, invoicing and sales reports.

    Pros

    • Easy-to-use features
    • Reasonable fees for in-store payments
    • Free basic app with multiple functions

    Cons

    • Price virtual terminal and keyed-in transaction fees

    6. Best for High-Risk Merchants: PaymentCloud

    PaymentCloud is a reputable brand known for its fair and reliable services for high-risk clients. They can accommodate almost any type of business. Whether you operate in an unconventional industry or have a history of multiple chargebacks, their agents will hear you out.

    Pros

    • Competitive rates for high-risk payment processing services
    • Minimal miscellaneous fees
    • Free virtual terminal
    • Very few complaints from clients

    Cons

    • Undisclosed rates

    Want to learn more? Processing Card has multiple buyer guides comparing the best credit card processing companies for SMBs. Get recommendations from the Processing Card team today!

    Frequently Asked Questions

    What is mobile credit card processing?

    A mobile card reader is a payment processing system that runs on Android and iOS smartphones. What sets these apps apart from conventional readers is they don't require sellers to have a merchant account provider yet. Businesses can start accepting payments via virtual gateways or in-store readers using just their phones.

    How much is a mobile credit card machine?

    Most mobile card readers are inexpensive and cost only around $20 to $30 to get up and running. What you need to watch out for, however, are the transaction fees. Steer clear of brands that trick clients into getting seemingly good merchant services at high, unfair rates and fees.

    Additional Resources

    Leading Payment Options in the Country

    Millions of American customers prefer using credit and debit cards over cash for daily transactions. Statistics show that nearly 40% of all processed POS transactions in the past year consisted of credit cards.

    With more than 500 million active credit cards in the country, you're definitely missing out on a lot of potential profits if you limit your customers to cash payments. Fortunately, a mobile payment processor allows any small business owner to start processing card transactions using only their mobile device. You won't have to pay for pricey POS systems or high miscellaneous charges.

    However, don't limit yourself to mobile card readers. Consider investing in retail POS devices, card readers, and merchant services once your business takes off and receives a larger volume of orders. Remember: getting a mobile card reader is simply one of the many ways to process credit card payments.

    Looking to explore payment types other than cash? Processing Card provides business owners with multiple resources on selecting the best payment processor to invest in. Check out the rest of Processing Card's resources now!

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