Definition

Paying or getting paid using a smartphone or tablet. Mobile options add convenience and speed to everyday transactions.

What to consider

  • Compare processing fees.
  • Ensure compatibility with your website.
  • Check for robust security measures.

Real world scenarios

  • An e-commerce website integrates a trusted payment gateway for smooth checkouts.
  • A digital service provider automates billing through an online processor.
  • A startup ensures fast settlements with a reliable online payment system.

Related terms

Entrepreneurial Finances