The biggest challenge faced by most of businessmen and business starters in today’s world is to minimize the cost while implementing the latest technology. All of us already know that implementing a good payment system for the desktop computers is quite expensive, so you must be wondering whether the mobile payment will be more expensive or not?

Before we discuss about the cost any further, let’s discuss about the definition and implementation of mobile payment service. In short, the mobile payment service helps us to receive payment through our mobile devices, such as iPhone and iPad. Why is this very beneficial for the business owners? You can do the transactions everywhere!

For example, when you are doing a business meeting with prospective client. You often to get the down payment during the meeting, but you cannot do that because you don’t have any system to help you dealing the project. By this mobile payment, you can do the transaction through your mobile devices.

Another example is if you’re a business owners or managers that want to add new products or services without coming to your stores, you can use this mobile payment application to do that. Besides, you can also monitor the sales at your stores and your employees’ performance from your mobile device easily if you have integrated the devices at your store with your device.

How about the price? The answer is flexible. It really depends on your ability in choosing the right company to support your business. One of the famous providers is Square, but the cost of the credit card transactions is quite big: 2.75% by swiping and 3.5% + 15 cents per transactions when we enter the number manually.

In order to get lower credit card rate, you can use the application provided by SalesVu. Its rate is only 2.7% for both swiped and manually entered transactions, isn’t it really affordable? Other features offered by the SalesVu mobile payment system are:

  • Receive all types of payments: cash, checks, gift cards, credit cards
  • Is free for single user. If you work as both the owner and the employee at your store, you can use this application for free. Later on, after your hire more employees you can add users into your system by paying only $9.95 per device per month.
  • Have a role-based security to control the access for employees, managers, and owners.
  • Integrate with Facebook fan page and TownVu iPhone app to give notifications to your subscribers directly
  • And many more.

So, who says that implementing the latest technology must be expensive? :P