Square and PayPal have given small businesses a new way to accept credit cards, but the tech isn't as popular as it seems

Square credit card readerYouTubeOne of Square’s mobile terminal products.

All over you see small businesses with smartphone and tablet credit card readers that seem to have replaced bulky payment registers.

But these devices from companies like Square and PayPal may be less disruptive than initially believed.

To better understand how small businesses are accepting payments BI Intelligence canvassed a number of merchants in New York and found that while many of them have mobile card readers, few actually use them.

In research from BI Intelligence we go into the field to see which business have mobile card readers, what they like and dislike about them, and whether they plan to use them in the future. From here we gauge how big an impact these devices will really have on traditional payment terminal providers

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Here are some of the key takeaways from the note.

For full access to all BI Intelligence’s charts and data on the Payments Industry, sign up for a free trial.

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