Agent Sign Up
Login
  • Merchant Login
  • Agent Login
(800) 621 - 4893
Live Chat
High Risk Merchant Accounts
High Risk Merchant Accounts
  • High Risk Merchant Accounts
  • Services
    • Merchant Accounts
    • Chargeback Protection
    • Check Processing
    • Business Funding
    • Payment Gateways
  • Industries
  • About Us
  • Apply Now

Can Mobile Beat Plastic at the POS?

Home / Blog / Can Mobile Beat Plastic at the POS?
Apr 23

Can Mobile Beat Plastic at the POS?

Posted by eMBadmin

The mobile revolution has been coming for a long time. And now that it is here, many in the tech field are predicting the abandonment of current payment methods in favor of mobile payment systems like Apple Pay. But so far, this has not been the case. Consumers are still using the same payment methods of the past – mostly debit and credit cards, even when they have the option to use mobile payment processes. Does this mean that mobile payment is going to be a dud? Or have consumers just not gotten used to it yet?

According to InfoScout/PYMNTS Apple Pay Transaction Tracker, over 85 percent of consumers who can use Apple Pay decide to use another means of payment, or just forget that they can use mobile. Some mobile payments professionals note that consumers are going to need time to migrate away from comfortable forms of payment, even though companies like PayPal and Google have offered mobile wallets for years that people still aren’t using.

Some mobile payment companies have decided to meet consumers in the middle. SWYP is a mobile payments platform that focuses on an electronic mag stripe that lets users keep up to 25 pay cards or loyalty cards onto one programmable device. In other words, consumers no longer need to carry around wallets, only the device. Although there are already a variety or programmable mag stripe cards on the market, the next step in the evolution of these cards is one that uses consumer shopping behavior, and predicts which cards consumers will use at certain establishments.

SWYP says their card is unique because it notices patterns of buying behavior and payment methods, and can even match these with certain times of the day. So after consumer patterns are identified, SWYP will even shuffle the cards consumers will use at a particular place, at a specific time of day to the top.

Security concerns may also be a reason that consumers are sticking to what they know. Despite the recent security breaches of top retailers in the nation, consumers still prefer to use plastic. This preference may be solidified with the new EMV chip capabilities that will drastically help to reduce fraud.

Google, Apple, PayPal and Samsung have all made mobile wallets for consumers. Is your high risk business ready to process these types of payments? eMerchantBroker.com is the number one payment processor that handles both good and bad credit merchant accounts.

Alternative Payments

Let us help you get a high risk merchant account today!

Get Started

Want to know more?


Blog Categories
  • ACH
  • ACH Check Processing
  • Adult
  • Adult Dating Merchant Account
  • Airline Charter Flights
  • Alternative Payments
  • Apple Pay
  • Aromatherapy
  • ATM
  • AVS
  • Bad Credit
  • Bail Bonds
  • Beauty
  • Binary Options
  • Bitcoin
  • Bookkeeping/accounting merchant account
  • Business Consulting
  • Business Funding
  • Business Marketing
  • Canadian Merchant Account
  • Cashless ATM Program
  • CBD
  • Chargeback Shield
  • Check Processing
  • Collection Agency Merchant Account
  • Consumer Financing
  • Contractor Merchant Accounts
  • cosmetics
  • Credit Card Chargeback
  • Credit Card Processing Deals
  • Credit Card Security
  • Credit Repair
  • Crowdfunding
  • Dermatology
  • Diet Industry
  • Digital Currency
  • Digital Wallet
  • Doctor & Telemedicine
  • Document Preparation
  • DocuSign
  • Drop Shipping
  • E-Commerce
  • E-Gift Cards
  • eBay Merchants
  • electronic cigarette merchant account
  • EMV
  • En Español
  • escort merchant account
  • Extended Warranty
  • financial consulting merchant account
  • firearm merchant account
  • Forex
  • Free Trial
  • Furniture
  • Gaming Merchant Account
  • Gateways
  • Hair Restoration Merchant Account
  • HCG
  • Head Shops
  • Healthcare
  • Help Desk
  • Herbal Supplements
  • High Risk Merchant Services
  • High Volume
  • High-risk merchant account
  • Hotel
  • Hoverboard Merchant
  • Indian Tech Support
  • Insurance Brokers
  • International Merchant Account
  • Internet Marketing
  • ISO Agent
  • ISO agent program
  • Janitorial
  • Law Firm
  • Lead Generation
  • Life Coaching Merchant Account
  • Local Credit Card Processing
  • magazine sales merchant account
  • Marijuana Merchant Account
  • marketing merchant account
  • Marketing Trade Shows
  • MCC Codes
  • Merchant Account
  • Merchant Account Coupons
  • Merchant Account no reserve
  • merchant cash advance
  • Merchant Cash Advance & Business Funding
  • Merchant Cash Advance Programs
  • Merchant Services Agent Programs
  • MerchantServices Information
  • Mobile Credit Card Processing
  • Mobile Wallet
  • Multi Level Marketing
  • Negative Option Billing
  • No Credit Check Merchant Account
  • Non-Profit
  • Nutraceutical
  • Offshore Merchant Account
  • Online Alcohol
  • Online Electronics
  • Online retail merchant accounts
  • Payday loan
  • Payment App
  • Payment Gateways
  • Payment Industry
  • PayPal
  • PCI
  • Penny Auction Merchant Account
  • Pharmacy
  • POS
  • Precious Metals and Jewels
  • PrePaid Calling Card
  • QuickBooks Merchant Services
  • Roadside Assistance
  • SEO
  • Shopify
  • Skin Care Merchant
  • Small Business
  • Sports Betting
  • student loan prep
  • Subscription Merchant Account
  • Supplements
  • Tech Support
  • Ticket Broker
  • Timeshare
  • Title Loans
  • TMF
  • Tobacco
  • Trade Shows
  • Travel Agency
  • Trial Offer
  • Uncategorized
  • VISA
  • Vitamin
  • Warranty
Recent Posts
  • E-Commerce Update: Consumer Adoption of Mobile Payments Stalls
  • What is Payment Gateway, and Why It Matters to Your Online Business
  • How To Fight a Huge Chargeback
  • 4 Things Businesses Can do to Reduce Expenses
  • 8 Reasons to Use a Mobile App for Your Beauty Salon
high risk solutions
for high risk merchants
award winning and
100% secure
BBB Accredited Business
with an A+ Rating

Award winning. Voted #1 Processor by Top Credit Card Processors.

2012 2013 2014 2015 2016
Services
  • Merchant Accounts
  • High Risk Merchant Accounts
  • Chargeback Protection
  • ACH Debit
  • iCheck
  • Checks by Phone
  • Checks by Web
  • Paper Guarantee
Pick Your Industry
  • Electronic Cigarette Merchant Accounts
  • Adult Industry Merchant Accounts
  • Bad Credit
  • Credit Repair Merchant Account
  • Debt Consolidation
  • Tech Support
  • Online Gaming
  • Nutraceuticals
  • More
Company
  • About Us
  • Contact
  • Blog

LinkedInfacebooktwitteryoutube

Copyright © 2018 Emerchantbroker, LLC. Emerchantbroker is a registered ISO/MSP for BMO Harris Bank, NA, Schaumburg, Illinois.
Ready to get started?
Continue with Application
Still Deciding?
speak with an agent