Smartphones Enhance Instant Merchant Account

By now many have been made aware of the capabilities for mobile payments and an instant merchant account of smartphones. The technology has created a whole new world for payment processing and the ways in which transactions have completed. However, most of the major credit card companies are not too pleased with these mobile advancements.

For years there has been ongoing competition between the world of plastic payments and using cash and checks. While it is convenient to use credit or debit cards to pay, the costs associated with paying this way often create a dilemma. Now, with the mobile payments, many of these companies think it may be another product that could potentially lessen their profit.