Small-business owners have big decisions to make when it comes to accepting payment -- and investors should be taking note. Along with the traditional setups associated with VisaĂÂ and MasterCard (NYS: MA) , customers can also pay using their iPhones and Android devices. Mobile payments are expected to reach the $600 billion mark by sometime next year.
Players include Google Wallet, eBay's (NAS: EBAY) PayPal Here, and Intuit's (NAS: INTU) GoPayment. But one company drawing a lot of attention is San Francisco-based Square. In the video below, Motley Fool analyst Rex Moore speaks with a local business owner who's sold on Square not only for its low cost, but its business reporting tools as well.
This mobile revolution is still in its infancy, but with so many different companies it can be daunting to know how to profit in the space. Fortunately, The Motley Fool has just released a free report on mobile named "The Next Trillion-Dollar Revolution" that tells you how. Inside the report, we not only describe why this seismic shift will dwarf any other technology revolution seen before it, but we also name the company at the forefront of the trend. You can access this report free of charge just by clicking here.
The article Another Reason Mobile Payments Are Exploding originally appeared on Fool.com.Rex Moore owns shares of eBay. The Motley Fool owns shares of Apple, Google, and MasterCard. Motley Fool newsletter services recommend Apple, eBay, Google, and Visa. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.