Accepting Card Payments Made Easy: Turn Your Phone into a POS Terminal in Budapest

Published: December 14 2023

Accepting card payments is becoming increasingly important for businesses in Budapest. With the advancement of technology, it is now possible to turn a smartphone into a POS terminal, making it easier for business owners to offer electronic payment options to their customers.

In the past, businesses had to apply for a POS terminal to accept card payments. However, thanks to new technology, even an Android smartphone with NFC capability can be used to accept card payments. By downloading the SimpleBusiness app and signing an online contract with OTP Mobile, business owners can quickly activate the service. From then on, the smartphone will be able to accept bank cards from customers, as long as they have contactless cards or digitalized bank cards in their NFC-enabled devices.

This solution is accessible for all types of businesses, from hairdressers and plumbers to babysitters. It can even be used for events like school Christmas markets or school cafeteria sales. Businesses no longer have to worry about providing change or dealing with a surplus of small cash.

Accepting card payments has several advantages for businesses. It provides a more convenient payment option for customers who prefer card payments over cash or transfers. It can also lead to increased sales, as customers tend to spend more when using cards. Additionally, accepting card payments can improve business credibility and professionalism.

Turning a smartphone into a POS terminal allows businesses in Budapest to easily accept card payments. By embracing this technological advancement, businesses can offer a more convenient payment option for their customers and potentially increase sales.

What is the article about? The article is about how to turn your smartphone into a POS terminal in Budapest to accept card payments.

Who are Ricsi and Roni? Ricsi and Roni are individual entrepreneurs in Budapest. Ricsi is a personal trainer and Roni is a style consultant.

Why did Ricsi and Roni want to accept card payments? Their customers increasingly expressed a preference for paying by card rather than cash or bank transfer, which they found cumbersome.

Are they required to provide electronic payment options? Since they don't have an online cash register, they are exempt from the obligation to provide electronic payment options.

Why did Ricsi and Roni decide to set up a card terminal? Although they were initially hesitant due to the administrative burden and time constraints of running their business, they realized the importance of meeting their customers' expectations and adapting to the trend of electronic payments.

Who did Ricsi and Roni seek advice from? They sought advice from Herman Bernadett, an expert from Bank360.hu, and Fabók György, the sales manager of card acceptance at OTP Bank.

What is needed to turn a smartphone into a card terminal? With the new technologies available, an Android smartphone with NFC capabilities can be used as a card terminal. However, the currently available technologies do not work with iPhones.

What application needs to be downloaded? The users need to download the SimpleBusiness application.

Which bank is the service provider for turning a smartphone into a card terminal? The service provider is OTP Mobile.

What types of cards can be accepted using a smartphone turned into a terminal? The smartphone can accept contactless cards, which are available for almost all bank cards in Hungary, as well as digitized bank cards in NFC-enabled smart devices.

Who can easily implement this solution? Any entrepreneur who hasn't considered providing card payments before can easily implement this solution. It can be a hairstylist, manicurist, plumber, babysitter, or even a vendor at a school Christmas market or a school event.

What are the benefits of using a smartphone as a terminal? Using a smartphone as a terminal eliminates the need to deal with large cash bills or handle small change.