Small-business owners have big decisions to make when it comes to how they accept payment -- and investors should be taking note. Along with the traditional setups associated with Visa (NYSE: V ) and MasterCard, customers can also pay using their iPhones or Android devices.
Mobile payments are expected to reach the $600 billion mark by sometime next year. Players include Google Wallet, eBay's (Nasdaq: EBAY ) PayPal Here, and Intuit's (Nasdaq: INTU ) GoPayment. But one company drawing a lot of attention is San Francisco-based Square, which will roll out at your local Starbucks (Nasdaq: SBUX ) soon. In the video below, Motley Fool analyst Rex Moore speaks with a local business owner who's sold on Square because of its innovation and low cost.
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.