Tag Archives: CreditCards

Square intros flat-rate payment option at $275 per month, hits small business sweet spot

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Square intros flatrate payment option for $275 per month, hits small business sweet spot

Square is most often pitched as heaven for small businesses, but that 2.75 percent cut per transaction is sometimes a problem for stores that are too successful. Enter a new flat rate option. Shops that don't take more than $250,000 a year in Square payments, or charge more than $400 in a given sale, can instead pay a flat $275 per month regardless of how many swipes they take. The deal makes the most sense for businesses handling more than $120,000 a year through the reader, establishing a definite limit to its usefulness; this isn't exactly for a budding jeweler (or Starbucks). Even so, the simplicity of the rate might be very alluring for companies that aren't keen on surprise costs or working out the math, and it's a contrast to the half-steps towards flat rates taken by VeriFone and other, more traditional outlets going mobile.

Continue reading Square intros flat-rate payment option at $275 per month, hits small business sweet spot

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Square intros flat-rate payment option at $275 per month, hits small business sweet spot originally appeared on Engadget on Thu, 16 Aug 2012 15:13:00 EDT. Please see our terms for use of feeds.

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PayPal buys Card.io visual credit card scanner platform, is neither Here nor there

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PayPal buys Cardio visual credit card scanner platform, is neither Here nor there Thought PayPal was done upping its mobile payment game when it unveiled its triangular Square competitor earlier this year? Think again. Despite Here being, well, here, PayPal's not satisfied having but one way to scan your plastic, and so it's snapped up Card.io. In case you've forgotten, Card.io gathers credit card info visually using a smartphone's camera -- no scanning dongle required -- to save fingers and thumbs from having to enter payment info manually. Oh, and for folks fearing that PayPal would pull the plug on other apps' access to Card.io's SDK, not to worry -- PayPal assures us that Card.io's technology will remain available to developers.

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PayPal buys Card.io visual credit card scanner platform, is neither Here nor there originally appeared on Engadget on Tue, 17 Jul 2012 18:26:00 EDT. Please see our terms for use of feeds.

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Square now available at Walgreens, Staples and FedEx Office

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Square now available at Walgreens, Staples and FedEx Office

While a roster of competitors are trying to get their foot in the mobile payments door, Square's busy getting a foothold in retail stores. With Walgreens, Staples and FedEx Office locations now carrying the credit card reader, it's available at more than 20,000 physical shops throughout the US -- joining Apple, Best Buy, OfficeMax, Radio Shack, Target, UPS and Wal-Mart. Bringing it home from a brick and mortar establishment will set you back $9.95, but Square's sweetening the pot with a $10 rebate for new users. However, if your entrepreneurial snail mail-loving heart desires, you can still have one mailed to you by signing up online. Eager to start swiping plastic? Lookout below for the full press release.

Continue reading Square now available at Walgreens, Staples and FedEx Office

Square now available at Walgreens, Staples and FedEx Office originally appeared on Engadget on Wed, 06 Jun 2012 08:24:00 EDT. Please see our terms for use of feeds.

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iCache Geode claims title of first shipping iPhone e-wallet, asks ‘who needs NFC?’

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Geode wallet hands-on

Apple has been sending mixed signals as to whether or not it will bring NFC to the iPhone for mobile payments, but iCache clearly isn't waiting for the technology to show its face -- the company just started shipping its Geode e-wallet. As we saw just a few weeks ago, the Geode simply rolls existing credit and debit cards into a proxy GeoCard that's scanned at the store to handle transactions. Although it demands a specially-made case with an e-paper screen and fingerprint reader, not to mention an app to manage the attached cards, the choice lets an iPhone owner buy goods at all the usual places instead of having to hunt down special terminals. We like the one-card universe it creates, although it's clear the shopper has to carry a lot of the responsibility for making this digital payment dream a reality: at $200 a pop, the Geode's wallet-slimming effect carries a premium, especially since it won't work with anything besides an iPhone 4 or 4S.

iCache Geode claims title of first shipping iPhone e-wallet, asks 'who needs NFC?' originally appeared on Engadget on Fri, 01 Jun 2012 17:40:00 EDT. Please see our terms for use of feeds.

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PayPal and Softbank announce new joint venture in Japan, mobile app

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PayPal has joined forces with Softbank to bring its mobile payment system/digital wallet to Japan. PayPal Here uses an encrypted card reader -- like its BFF Square, and more recently, VeriFone -- to minimize users' cash dependency. There's also a redesigned app that makes it easier for customers to locate participating merchants while they're out and about. The $25 million joint venture targets small businesses, especially those using iPhones (though it also works just fine on Android), and will be made available to the Japanese masses over the next several weeks. We're sure the setup will be used exclusively by the forces of good to stimulate the local economy.

PayPal and Softbank announce new joint venture in Japan, mobile app originally appeared on Engadget on Wed, 09 May 2012 15:31:00 EDT. Please see our terms for use of feeds.

Permalink Reuters  |  sourceVirtual Press Office  | Email this | Comments

In Ticketing increases options for venues and promoters, as long as they’re using iOS

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Converting a cellphone into a credit card reader is nothing new, but transforming one into a box office for live events could shake things up a bit -- or, at least provide a bit of friendly competition for NFC-based alternatives. In Ticketing has just launched InHand Box Office software for use at live events. The company claims to be one of the greener ticketing outfits out there, and plans to turn your iPhone or iPod touch into a device capable of wirelessly processing payments (and printing out paper receipts, unlike Square or PayPal Here) at independently run concerts or festivals. Potentially reducing time spent in line and preventing congestion at the entrance translates into more people inside the venue, and using your phone instead of a difficult-to-establish credit card merchant account should reduce the friction in throwing such an event. As long as you tend to carry the appropriate iDevice with In Ticketing's new app installed, you can marry it to that iAPS Sled you see above to create your own personal CC processing machine. The only issues? Convincing Gotye to play your house party instead of Coachella next year, and that awkward lack of support for Android, BlackBerry and Windows Phone.

Continue reading In Ticketing increases options for venues and promoters, as long as they're using iOS

In Ticketing increases options for venues and promoters, as long as they're using iOS originally appeared on Engadget on Thu, 26 Apr 2012 07:53:00 EDT. Please see our terms for use of feeds.

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EnStream to bring mobile wallet to Canadians, make loonies obsolete (video)

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EnStream to bring mobile wallet to Canadians, make loonies obsolete (video)

A joint venture of Canadian carriers Rogers, Bell and Telus called EnStream is in final talks with the country's leading banks (likely CIBC, TD, RBC, Scotiabank and BMO) to bring a mobile wallet solution to the Great White North within six months. The system, which was demoed at the CWTA Wireless Showcase last September, enables mobile payments by storing a user's financial credentials on the SIM located inside their NFC-capable phone. It aims to replace credit and debit cards at first -- perhaps even driver's licenses and loyalty programs down the road. Carriers plan to charge banks a flat rate instead of a per-transaction fee.

According to Almis Ledas, EnStream's COO, "banking machines will become the payphones of the future". While we command this attempt to standardize mobile payments in Canada, the time frame seems rather optimistic in light of the slow progress AT&T, T-Mobile and Verizon have made with Isis in the US so far. Different countries, different rules of course -- still, we think it's going to take quite a while to make loonies obsolete. Maybe this is the perfect window of opportunity for Google Wallet and Square to jump across the border, eh? Time will tell. Check out EnStream's mobile wallet in action on video after the break.

Continue reading EnStream to bring mobile wallet to Canadians, make loonies obsolete (video)

EnStream to bring mobile wallet to Canadians, make loonies obsolete (video) originally appeared on Engadget on Thu, 26 Apr 2012 05:50:00 EDT. Please see our terms for use of feeds.

Permalink MobileSyrup  |  sourceReuters  | Email this | Comments

Square’s feeling good, on pace to take $5 billion in payments per year

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Square's feeling good, on pace to take $5 billion in payments per yearDespite growing competition from PayPal, Intuit and Verifone, it appears that Square's business is still going gangbusters. The grandaddy of all smartphone payment systems is set to take $5 billion in payments this year, up from $2 billion a scant six months ago. According to company COO Keith Rabois, such expansive growth has been fostered by the fact that Square makes the cash from transactions available to merchants the next business day -- a feature greatly appreciated by small businesses. Clearly, Huey Lewis was right, and you can see what we mean after the break.

Continue reading Square's feeling good, on pace to take $5 billion in payments per year

Square's feeling good, on pace to take $5 billion in payments per year originally appeared on Engadget on Thu, 26 Apr 2012 03:34:00 EDT. Please see our terms for use of feeds.

Permalink TechCrunch  |  sourceBloomberg  | Email this | Comments