Three learning points of mobile payment

In the past years, credit card payment has become a popular option, and more and more people choose to use this modern method, since it provides fast, efficient and safe transactions. All the banks are now linked to payment devices available in shops, commercial centres or businesses, which is why regardless which your banking partner is, you are now able to pay without carrying cash with you. For those who design these payment systems, creating a purchase process is somehow easy and once the software is done, the clients will get immediate access to content, once they register their credit card. Due to the many benefits of mobile payment, more and more buyers and business owners are choosing to use mobile credit card machines. For this reason, developers had to bring constant improvements, and find solutions for different issues arising together with intensive usage. In case you are considering developing a mobile payment system, here are the things you should keep in mind:

 

Make an informed decision

This means that you have to choose your mobile payment provider after a detailed analysis of the market. There are various companies providing such services, but you must look closely and select wisely. Some global payment providers may seem the best choice, because they already have a reputation and a pool of clients, but these may charge too much for the services you need. For this reason, the type of business you will use the services for is extremely important. If you need the payment system for a smaller company, maybe you should focus on a smaller provider. However, make sure the company you opt has some years of experience in the field and also positive reviews. There are also some other relevant criteria you should consider: the payment alternatives they offer (SMS, email, credit card etc), support and availability, official documentation and so on.

 

Try a different approach

When you choose a mobile payment provider, you should think about making things differently. You should have a plan to facilitate introducing the new method in your current checkout flow, without disturbing the whole order of things. For this reason, you should find out in advance how fast you can start using mobile payment, which will be the costs for implementing these new processes and last but not least, how will this influences your clients. Remember that they are your main stakeholder and everything you do should benefit them.

 

Ensure a logical payment flow

When they choose to implement mobile payment, one of the most popular issues among users is translating the subscription logic to the new payment flow. With traditional payment methods, everything is under control, and it was easy to identify if something went wrong and needed to be changed. As far as mobile payments are concerned, the operators are not always directly connected to the system, which means that they have to start using new notification methods for confirmations and so on. In addition to this, the database used must be much more secure, since it consists in a huge amount of information.