How Does Bluetooth Work for Mobile Payments?
Since humans began paying for goods and services, we’ve preferred these transactions to be as convenient and easy as possible. We’ve evolved from bartering livestock (not particularly convenient) to paying for products with mobile devices (quite convenient). But technological developments can make mobile payments even more user-friendly. Read on to learn how the protocols that enable hands-free phone calls can benefit mobile wallets.
Bluetooth: Not Just for Making Phone Calls Anymore
Bluetooth devices use radio waves to connect to a phone or computer instead of wires or cables. This technology powers countless headsets so people can have phone conversations while they go about their business (including driving) without having to hold a phone.
But hands-free calls are just one application of Bluetooth technology. Companies are realizing it has potential to have a significant and positive impact on the mobile payment space.
How Do Bluetooth Mobile Payments Work?
Mobile payments that use Bluetooth rely on the same radio waves to transmit information. For mobile payments, Bluetooth developers have created sensors that run off of tiny batteries. Because these sensors consume less energy than normal, the standard for mobile payments is known as Bluetooth Low Energy (BLE). The BLE standard has been adopted across the mobile device industry – Apple, Android, Windows, and BlackBerry phones all support it.
When you go to a store and want to pay for an item with your smartphone, sensors recognize BLE technology in your mobile device. Unlike other standards of mobile payments, you don’t even have to take your phone out of your pocket. BLE works at a distance of 164 feet, so you could walk past the cash register and the point-of-sales system would connect with your phone and record your payment data.
Is Bluetooth a Better Mobile Payment Standard?
BLE has some definite advantages over other mobile payment standards.
In addition to its greater range, BLE also has faster processing times. It takes less than 0.003 seconds for a BLE transaction to be processed. In contrast, near field communication (NFC), a popular mobile payment standard, takes 0.1 second to process transactions. The difference in processing times makes BLE transactions practically seamless.
Moreover, BLE provides one-to-many connections. That means that BLE sensors can pick up more than one mobile payment at a time. You don’t have to wait in line while the person ahead of you takes out their phone and taps it against the terminal (which is how NFC works).
PowerPay Payment Processors: Your Mobile Payment Solution Providers
Your customers are looking for fast, convenient ways to pay. You can give them that option when you choose PowerPay Payment Processors. Our technology allows you to accept payments from any device. Aside from being convenient, PowerPay offers some of the lowest rates in the payment processing industry. We also help you get set up quickly – you could be accepting payments in as little as a day! You don’t have to worry about long term contracts, either. Call us now at 1-800-483-8815 to learn more.