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Changes to Mobile Payment Processing in the Last 5 Years

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Mobile credit card processing has made accepting credit and debit cards as payment safely and securely as possible without having to use phone lines and fixed hardware. This technology has changed the way retail works. Now vendors can connect with their customers, with their food truck, mobile kiosks, booth fair, festival and more. Often mobile credit card technology isn’t all that it should be; this platform is still evolving. This technology is changing almost on a daily basis and will continue to change.

Many businesses are beginning to solely rely on free mobile processing apps which are available on iPhone and Android. A business will use mobile as their primary choice of accepting credit cards. This method has become a very cost-effective way to take card payments.

Mobile payments are especially great for certain business types, like trade show vendors, individual contractors, or single-register locations.  Businesses large and small, high-volume and lower volume businesses are beginning to use mobile processing apps. The gain in popularity for mobile payments and, mobile processing apps will continue to grow as the demand for them increases.

It’s unbelievable that iPhone and iPad first made its appearance a full seven years ago. Since then, smart phones have changed how we communicate and do business. These advances in mobile technology have made it possible for retailers to accept payments quickly anywhere there is phone reception.

In the last decade, mobile credit card processing has dramatically evolved.

Here are 4 ways Mobile Payment Processing has changed in 2017:

1. Increased functionality

With more advanced mobile phones, retailers can access payment with either tablets or mobile phones, which is more versatile compared to fixed credit card machine. Using such devices enable retailers to even email customers after the sale. Customers can even pay using SMS now days.

2. Apps for iPhone, Android, and iPad

This service was once offered only by cutting edge businesses, iPhone credit card processing is going mainstream. There are credit card processing apps for Android and iPad, too. This has been significant changes especially for small businesses, who need simple, reliable ways to accept payments, but who lack sufficient knowledge in technology.

3. Merchant services aggregators

The creation of merchant services aggregators has been one of the biggest changes in the last five years in mobile credit card processing. This allows retailers to accept credit and debit cards on their iOS or Android-powered devices. Furthermore, an optional scanner can be attached to the mobile devices, so that customer’s card can be swiped.

4. Increased usage

The number of retailers utilizing mobile credit card processing has grown in the past five years. Retailers, like food truck owners, fair vendors, crafts sellers, and antique dealers have started to accept this kind of payment methods. They are happy they can accept credit card payments easily and securely, even when they are in a field, at a state fair or on a street corner.

Mobile credit card processing has changed how America conducts business. The changes won’t stop here; it will only evolve from here.

There are many apps that provide this service. The following list contains the top mobile credit card processing apps for iPhone and Android. We have selected these providers for this list because they are consistent with their pricing, customer support, and customer reviews. All of the apps on this list are available for both iPhone and Android users.

Some options may be a better choice for small one-register locations, while others are useful additions to full-service traditional merchant accounts. Many of these providers also offer integration with third-party services such as Due.

1. Fattmerchant

Fattmerchant had been active since early 2014; it is a merchant account provider leading the industry’s move toward flat-rate, subscription-style pricing. They are a mobile app and card reader for iPhone and Android. The company’s products and services include EMV-compatible countertop terminals. They also offer a virtual terminal, an online payment gateway, an online shopping cart, QuickBooks integration, online invoicing, and recurring billing.

Fattmerchant also offers multiple pricing plans with different price tags. Business can select either a plan that charges a flat fee on all transactions or they could opt for a plan that charges a fixed monthly fee and a fixed per-transaction dollar amount above interchange. A business chooses whether or not they are charged a percentage markup on each transaction.

2. Host Merchant Services.

Host Merchant Services is a Newark, Delaware-based merchant account provider that offers a free mobile processing app called “HMSPay” with a free mobile reader for businesses. It is more than just a mobile payment processor. It also provides point-of-sale solutions, online marketing tools, and an online payment gateway and virtual terminal. We like the gift and loyalty programs, and merchant cash advances. Host Merchant Services specializes in e-commerce businesses but can serve mobile merchants just as well.

Host Merchant Services has received positive feedback , most people who have used this service, praise the company’s customer service . Like Payline, Host offers interchange-plus pricing with no early termination fees to all of its merchants. This means that users will enjoy the most transparent pricing model available and can cancel the service without any penalty.


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Finance and Sales Expert
Renzo Costarella gives financial tips and tricks to help retire early. He is an expert at fintech sales and was former sales person at Due. He currently is an account executive at Brex. Previously, he has worked in sales, product, and growth. He graduated from UC Santa Barbara with a Degree in Business/Managerial Economics.

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