Melissa Thompson says, “According to a 2015 Federal Reserve Report (PDF), 87 percent of adults in the U.S. have mobile phones and are using them to shop, make payments, and do their banking. Mobile payments are the next new frontier for small businesses, because the new technology means there is going to be a scramble between those who take advantage of this new technology, and those who don’t.

Here’s a basic primer of everything you need to know.

What Are Mobile Payment Platforms?

Robert De Luca, Director of Sales and Marketing for Public Storage Canada explained, “Mobile payment platforms give businesses like ours the ability to use mobile devices like cell phones or tablets as a payment system for our customers. We use a vendor specific to the self-storage industry, but typically PayPal is a great option for small businesses looking to provide their customers with the ability to make mobile payments.”

Why Do You Need Mobile Payment Platforms?

Now, many businesses pay for expensive card readers or bespoke systems which integrate with a traditional checkout system“.

Mobile Payment Platforms For Small Business

Small Business Trends

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