Change in Rank
For mobile processing solutions we compare the rates and fees often incurred by merchants processing their payments on the go. We recommend vendors which provide competitive mobile processing solutions with rates that closely match industry averages or the rates of their largest competitors. It is important for a merchant service provider to be able to achieve rates competitive to those of other providers.
Processing payments over mobile networks requires a reliable service to ensure the information is not only being transmitted securely, but to ensure the payment goes through accurately. We measure the overall reliability of mobile payment processors based on the metrics provided by their competition and how well the service has worked for the wide range of merchants relying on these services to accept payments on the go.
It is important for the payment processing solution to be efficient from start to finish in order to reduce the amount of work required to accept a payment through a mobile device. Our analysis of efficiency involves a look at the steps required to obtain payment information from a customer in order to process the payment and the work required to achieve accurate reporting.
Many merchants require flexible and varied mobile payment solutions in order to ensure they will be able to accept payments using the most common forms of payment which their clients expect to be available. It is important for the merchant service provider to make the efforts required to equip their merchants with a variety of features and functions in their mobile processing system.
During our analysis of mobile processing companies we spend time analyzing the approach they take to address any concerns or issues their clients may have with the services provided to them. It is important for the vendor to take the initiative to provide a customer support experience which takes into consideration the importance of having a consistently working and functioning mobile processing solution.