Mobile Is Revolutionizing The Way Merchants Accept Payments and Manage Their Businesses

Posted: Jan 12, 2015
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By John Heggestuen

Business Insider

January 12, 2015

The mobile point-of-sale (mPOS) first shook the payments industry with Square's simple mobile card reader, which attached to smartphones and tablets. It gave small and micro merchants a simple and inexpensive way to accept and track credit and debit card payments.

Since then, the industry has exploded with mPOS solutions, but they don't all live up to the hype and many of the businesses that provide them have struggled to figure out how to effectively monetize the merchants they acquire. 

In a new report from BI Intelligence, we cut through the mPOS hype by analyzing the needs of the retailers that have adopted the technology, and interviewing merchants to find what works and what doesn't. 

Here are some of the key takeaways:

[Source: http://www.businessinsider.com/mobile-is-revolutionizing-the-way-merchants-accept-payments ]