Fast, Easy, and Online
Mobile payment--so recently novel, now ubiquitous--is getting better fast. Most significant, the services are increasingly targeted. You manage your accounts through QuickBooks? There's a service precisely for you. Your customers use mobile wallets rather than credit cards? You have choices.
In this graphic, the first six options are mobile versions of conventional point-of-sale systems. They come equipped with card readers--dongles--and proprietary apps. The next five options have nothing to do with readers. They are all about the app, on both sides of the transaction: Your customer pays not with a card but with a phone. So these products function less as virtual cash registers than as ways to beef up your brand by adding convenience, word of mouth, and app integration.
JILL KRASNY | Staff Writer
Jill Krasny is a staff writer for Inc. magazine, where she covers the intersection of entertainment and startups. Prior to Inc., she was a writer for MTV and Esquire and an editor at TheStreet. She is a graduate of the University of Southern California with a degree in communication. She lives in New York City.