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In the past, businesses had to invest in costly EFTPOS terminals and card machines if they wanted to accept payments from customers. Now, with advances in technology, it’s possible to turn your mobile phone into an EFTPOS terminal and process payments without having to invest in expensive hardware. This can save businesses time and money while increasing convenience for their customers. With a few simple steps, you can simplify your business payments by turning your mobile phone into an EFTPOS terminal – no more queues or waiting for payment processing!
Interested in what we’re saying?
Mobile Point of Sale (mPOS) systems are revolutionising the way businesses handle transactions, offering flexibility and convenience by turning smartphones and tablets into fully functional sales terminals. This technology is useful to anyone who regularly accepts or processes payments, so read along if that sounds like you. But first, what does a POS system do?
Put simply, POS stands for Point of Sale. A POS system is the hardware and software that allows businesses to manage sales transactions and accept various payment methods. It has a credit card reader to accept payments so both businesses and customers can go through the checkout process efficiently when making purchases in store. POS systems come in all shapes and sizes, so in this blog we'll explain all there is to know about mobile point-of-sale (mPOS) systems to help you streamline your payment process.
Payments Made Easy
Using your mobile phone as an EFTPOS terminal brings several benefits to your business. It eliminates the need for bulky EFTPOS machines, meaning you can easily take your payment system on the go, whether you’re at a market, event, or pop-up store. This not only enhances convenience but allows you to accept payments faster and from any location in your store, eliminating the need for a dedicated checkout area. In turn, your staff can focus more on customer service, and transactions become smoother and more efficient.
By transforming your phone into a portable EFTPOS machine, you can accept a wide range of contactless payments, including credit card payments, debit card payments, and digital methods like Apple Pay and Google Pay. Additionally, this setup enhances security, minimising the risk of fraudulent transactions and providing customers with peace of mind.
4 Benefits of Using Your Mobile Phone as a Mobile EFTPOS Machine
Using your phone as an EFTPOS terminal offers several key advantages:
- Mobility and Convenience
Unlike traditional EFTPOS machines, your phone is a portable solution that can be used anywhere, much like a portable card machine. Whether you’re working at a pop-up shop, market, or in-store, this flexibility eliminates the need for fixed hardware like a receipt printer or bulky portable EFTPOS machine. All you need is your mobile phone, making it easier to accept payments from customers, including those using debit cards. Different plans cater to businesses based on their monthly EFTPOS transactions, ensuring that you can find a solution that fits your transaction volume.
- Faster Transactions
By turning your phone into a mobile EFTPOS machine, you allow your staff to process transactions anywhere in the store. Enabling faster card payments, customers can pay via their preferred method, whether it’s contactless payment through Apple Pay, Google Pay, or traditional credit card payments.
- Security
Using a mobile EFTPOS terminal helps reduce the risk of fraudulent transactions. Many providers offer secure payment systems with securely encrypted transactions.
- Reduced Costs
Traditional EFTPOS terminals often come with monthly rental fees or extra fees for maintenance and hardware. With a mobile EFTPOS solution, there are no monthly fees, and businesses only pay transaction fees for each payment processed.
Comparing Pebl with PayPal: Why Pebl Is the Better Choice
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While PayPal is a widely recognised payment provider, it comes with several downsides, particularly for small businesses that want a simple and affordable way to accept payments. Here’s how Pebl outshines PayPal in key areas:
Cons of PayPal:
- Higher Transaction Fees: PayPal charges 2.60% + $0.30 per transaction, which is higher than Pebl’s 2.20% + $0.20. This alongside a monthly fee can add up significantly for small businesses processing frequent transactions.
- Complex Setup: Unlike Pebl’s fast five-minute setup, PayPal’s setup process can be time-consuming, requiring additional documentation and approval steps.
- Customers Need the PayPal App: For in-person payments via QR codes, customers must have the PayPal app installed, adding unnecessary friction to the payment process.
- Limited Team Management: PayPal does not offer flexible team access. Each team member needs the business login details, which isn’t ideal for businesses with multiple staff members.
- 1% Instant Payout Fee: PayPal charges an additional 1% fee for instant payouts to your business bank account, which can be a financial burden for businesses needing fast access to funds.
- Does not support instant bank transfer payments via PayID
- No point-of-sale solutions are offered.
In contrast, Pebl offers a zero-cost setup, lower fees, and a fast, user-friendly system. Whether you’re operating a pop-up store or managing a team at a physical retail location, Pebl provides a reliable and flexible solution that can grow with your business.
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What are the Advantages of a Mobile POS System?
Here’s some key advantages of a mobile POS system. For more points, read our article on the 7 key benefits of mPOS devices.
- Mobility and Flexibility: Unlike traditional countertop POS systems, an mPOS system is portable, allowing businesses to move the terminal to wherever the customer is, enhancing the customer experience by reducing wait times and enabling more personalised interactions.
- Ideal for Businesses without Permanent Locations: The portability of mobile POS systems makes them perfect for pop-up shops, food trucks, and vendors at fairs or markets. Even service-based businesses like home repair or cleaning services can process transactions on-site without the need for complex setups
- Supports Multiple Payment Methods: Mobile POS devices can handle various payment options, such as contactless credit or debit cards, mobile wallets like Apple Pay and Google Pay, and even QR code payments, providing customers with better service and convenience.
- Industry-Specific Features: Some mPOS solutions are tailored to the needs of the food and beverage industry, allowing orders to be sent directly from servers to kitchens or enabling customers to place their own orders at the table.
- Lower Investment Costs: Compared to full-size POS terminals, mPOS systems require a lower initial investment, making them an affordable option for small businesses with limited budgets looking to quickly start taking payments.
- Enhanced Security: Mobile POS systems are designed with secure payment processing in mind. They handle the entire transaction within the mPOS terminal, ensuring no sensitive data is stored elsewhere, which enhances security and reduces risks for small businesses.
Why Choose Pebl?
With no hidden fees, zero monthly charges, and support for all major payment types, Pebl makes it easy to turn your mobile phone into a powerful EFTPOS terminal.
Here’s why Pebl is the smart choice for your business:
- Fast, five-minute setup
- No need for extra hardware
- Simple, affordable pricing with no monthly rental fees.
- Support for Apple Pay, Google Pay, and other digital wallets
- Unlimited team access with secure user permissions
With Pebl, you can say goodbye to complicated EFTPOS machines and hello to a seamless, mobile-friendly solution that allows you to focus on what matters most—growing your business.
At Pebl, we specialise in helping businesses transform their mobile phones into powerful EFTPOS terminals. With no monthly rental fees and a fast, simple setup process, our solution is ideal for businesses looking to reduce costs and improve efficiency.
For more information, visit Pebl to explore how we can help you streamline your payments.
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