Use Your iPhone for Credit score Card Processing

ByAngelic Loch

Feb 28, 2023
  • The usage of an iPhone for bank card processing is a wonderful possibility for small companies that need to settle for credits and debit playing cards in-store or at the move.
  • Bank card processors that paintings with iPhone-based techniques come with Sq., Cost Depot, Clover and PayPal Zettle. 
  • When imposing cell bank card processing answers, you’ll use an app with a card reader or an app with a terminal. 
  • This text is for small trade homeowners getting began the use of iPhones for bank card processing.

Marketers and small trade homeowners regularly desire an effective option to settle for cell credits and debit card bills. The usage of your iPhone as a cell POS device — the place your telephone transmits information as an alternative of a conventional terminal — is a wonderful option to get started accepting card bills securely and simply. 

We’ll show off the most productive bank card processors to believe with an iPhone POS device and the way iPhone-based bank card processing works. 

Highest bank card processors for iPhone

Many bank card processors paintings smartly with iPhones. The processor you’re employed with must be capable of care for your small business quantity successfully and cost effectively. Right here’s a have a look at our most sensible selections for iPhone bank card processors and the bank card processing prices and charges you’ll be expecting. 


Reader commission

Transaction commission

Per thirty days commission



2.6% + $0.10


Cost Depot

Card terminals incorporated

Varies through quantity




2.6% + $0.10




2.29% + $0.09



Sq. is our selection for the most productive bank card processor for small companies. It has a flat-rate pricing style, no per month charges and unfastened POS tool. Sq. is appropriate for any trade kind and lets you settle for in-person, cell and on-line bills. Its Sq. Reader is a cell bank card swiper that plugs into your iPhone; all you wish to have to do is open the Sq. POS app and swipe the cardboard for fee. (You’ll be able to additionally arrange contactless bills.)

Some advantages of Sq. come with the next: 

  • Sq. units up its consumers as sub-merchants underneath its service provider account, so startup is speedy and smooth. 
  • Sq. doesn’t lock you right into a long-term contract. 
  • You’ll be able to obtain price range briefly. 
  • Getting began and putting in your device and processing are simple. 
  • The unfastened Sq. Level of Sale app comprises spectacular POS options and gear.

One of the most downsides of the use of Sq. are as follows:

  • Customer support isn’t to be had 24/7.
  • Sq. will put a cling on transaction price range if it spots any pink flags. 

For more info, take a look at our in-depth Sq. evaluate. 

Cost Depot

Cost Depot is our most sensible pick out for a low-fee bank card processor. It fees a flat per month commission as an alternative of a proportion of gross sales, giving small companies a lower-cost possibility. Purchasers pays by means of cell bank card readers or e mail.

Cost Depot’s professionals come with the next: 

  • Companies pay a flat fee every month and a low transaction commission.
  • Cost Depot will provide you with a service provider account so you’ll settle for bills in-store and with cell units.
  • The provider provides integrations with QuickBooks, Shopify and WooCommerce.
  • Cost Depot will assign you a devoted account rep.

Those are one of the vital cons of the use of Cost Depot: 

  • On-line buyer beef up choices are scarce. 
  • When you’ve got a low-volume trade or are a high-risk service provider, the provider isn’t for you.

Be certain your POS device supplies in-depth POS stories that will help you make staffing and buying selections, beef up your business plan, and tell your small business enlargement plan.


Clover is our selection for the most productive bank card processor for brand spanking new companies. It’s a cheap possibility should you’re simply getting began with POS fee acceptance, providing flat-rate pricing, monthly contracts, and inexpensive POS tool and {hardware}.

Some advantages of Clover come with the next: 

  • Its POS tool and {hardware} are powerful and feature-full. 
  • A couple of pricing plans be offering alternatives and versatility. 
  • It provides e-commerce capability, together with website-building and inventory-management gear. 
  • Clover supplies a service provider account.
  • Clover’s buyer engagement gear can help you create buyer profiles and buyer loyalty techniques.

A few of Clover’s downsides are indexed underneath: 

  • Clover fees a per month platform commission and alertness commission.
  • If you happen to’re a high-volume trade, it’s possible you’ll finally end up paying extra. 
  • If you happen to cancel, you can be charged a termination commission.

For more info, take a look at our entire evaluate of Clover. 


PayPal’s cell bank card processing answer is named PayPal Zettle, which provides a complete suite of POS {hardware}, unfastened POS tool and affordable charges. (PayPal Right here used to be PayPal’s earlier answer. It’s now not to be had for brand spanking new retailers, however current retailers can nonetheless use its services and products, tool and {hardware}.)

The professionals of PayPal Zettle come with the next: 

  • PayPal Zettle provides a clear commission construction. 
  • The cardboard reader’s display screen makes transactions smooth to grasp. 
  • You’ll be able to procedure bills from all main credits and debit playing cards, PayPal and Venmo accounts, and different cell fee apps.

Listed below are some downsides of the use of PayPal Zettle: 

  • The device doesn’t settle for swipe bills, simplest chip and contactless bills. 
  • PayPal will withhold price range or freeze accounts unexpectedly if it suspects fraud. 
  • Budget are deposited right into a PayPal account, now not a checking account. 

Forms of bank card processors for iPhone and the way they paintings

That can assist you higher perceive your iPhone bank card processing choices, right here’s an summary of the 2 number one kinds of bank card processors for iPhone and the way they paintings.

1. App and reader

The app-and-reader combo is the most well liked cell bank card processing answer for iPhones. It’s additionally some of the perfect to make use of. Companies join a service provider account with the supplier in their selection after which obtain the supplier’s app to their iPhone.

Maximum app-and-reader firms ship their retailers a unfastened or inexpensive bank card reader that plugs immediately into the iPhone. With the reader in position, you’ll get started accepting bills in every single place you convey your iPhone from consumers the use of magstripe playing cards, EMV chip playing cards, contactless playing cards or cell wallets.

If you happen to move with an app and reader for cell bank card processing, suppliers will most likely fee you a nominal flat commission according to transaction and a proportion of the sale.

2. App and terminal

If you happen to’re on the lookout for a extra powerful cell bank card processing answer, the app-and-terminal possibility could also be what you wish to have. Whilst it nonetheless depends upon an app, this setup looks as if a extra conventional POS device.

Cell bank card terminals can be utilized any place you could have your iPhone. They arrive with further POS options that will help you streamline your small business, maximize earnings, and higher leverage your current buyer base, similar to the next: 

For companies with a hard and fast location, more than one workforce individuals or constant stock, the app and terminal setup is an easy-to-use possibility that provides further capability and reliability. 

The terminals regularly include a whole set of kit, together with the next pieces: 

  • Barcode scanner
  • Money sign in
  • Receipt printer
  • Contactless or NFC cell bills reader (which lets you settle for contactless playing cards or services and products like Apple Pay and Google Pay, lowering your legal responsibility for fraudulent fees) 

Many firms, like Sq., be offering a fundamental app-and-reader setup with an improve trail to an app-and-terminal answer. This adaptability lets in your bank card fee approach to develop with your small business. Some app-and-terminal answers include a per month commission, so that you’ll want to decide whether or not the added capability is value the fee. 

The usage of your PayPal account or Venmo for Trade to just accept bank card bills could also be your most straightforward possibility, requiring no {hardware} and minimum charges. You’ll be able to additionally ask consumers to pay you by means of Zelle, Apple Pay or Google Pay.

Discovering the suitable iPhone bank card processing answer

You’ve gotten a number of very good choices when the use of your iPhone for bank card processing. The one who’s proper for you’re going to rely on your small business, its services, and your consumers’ wishes. Making an educated selection help you maximize your finances and optimize buyer revel in.

Linda Pophal contributed to the reporting and writing on this article. 

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