Has technology gone too far or would you feel comfortable? There is a scanner that plugs into your mobile phone and mobile application that allows you to accept credit card payments for merchandise using your mobile phone.
Do you hold your own Escrow Accounts? You can actually accept a credit card payment via a mobile phone for say $5,000 earnest money deposit for a home. How do you feel about this? Would you be comfortable using this technology? Would your customers like it? Is this the wave of the future? Will all business begin doing this?
I am mostly concerned about this type of technology being used by the wrong parties and security breaches. Can you imagine your credit card being charged via mobile users and then taking off with your balances for unwanted purchases? I don’t know, maybe I am getting to be a little old fashioned about how I like to do business. My level of trust on the Internet and using electronical means for everything frightens me. If codes can be created or applications can be created, they can equally be figured out by evil people to reverse it.
What’s your feeling on all of this new technology? I am eager to hear from you.
Kelly Klein, Lifeguard Real Estate, Inc.
Lic. Real Estate Broker
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1 Comments on Accept Credit Card Payments on your Mobile Phone
I have heard about this and will look into this for my craft shows....not to use for escrow accounts though! I even have mixed feelings about using it at my shows as well because of the fees and hassles. They have an ATM machine at the show and I usually direct people there!