12/20/2017
In today's fast paced society, merchants are looking for ways to process on-the-go. The most common ways to process payments when out-and-about is a wireless terminal. However, wireless terminals are known to be bulky, inconvenient and expensive so the industry has evolved to a more simple solution. Everyone has a smartphone, and it's simple and easy to use, plus it is normally always accessible to all individuals. So the industry got smart and found the solution by integrating the smartphone with payment processing.
The first to market was Square. All merchant service companies were losing money, so all companies rushed to find a compatible device to compete with Square. Whereas this hurt the merchant service industry, it helped the merchants because we were trying to outdo Square by providing cheaper rates. Square is a exceptional product mainly because it offers no fees, but fees are good. That's right fees are good! It's simple no fees but higher rates or some fees and a cheaper rate. It's a toss up.
The two biggest players in the mobile industry are Square and SwipeSimple. Like everything there are pros and cons to everything in life and these products are no different. SwipeSimple is more about minor fees with cheaper rates and Square is about absolutely no fees but higher rates. The formula is kinda simple. If you process under $1,500 then Square is perfect for your business, but if your business processes over that than SwipeSimple is the bread-winner. Contact us for a more detailed explanation. Or, if you are ready to apply for a SwipeSimple account click https://perswipe.com/apply-now.
