Small businesses can reap large profits and massive traffic through mobile payment processing. Cash payment has been successfully replaced with mobile and credit card payment processing.
I'd agree that the last few years have really shown this to be true. Many mobile sellers, from food trucks to individual artists, that used to require cash now almost entirely accept forms of mobile payment and are able to process credit cards.
Also online businesses or e-commerce businesses must own merchant account to boost sales and increase funds. Credit card processing facilitates easy and fast payments.