Similar to Square Register, PayAnywhere also deposits funds into your bank account expeditiously within two business days and will inform you via email when they do so.įor sales reports and such, you will have the option of viewing them within the PayAnywhere app or by logging into the PayAnywhere Merchant Portal online. It also has extensive smartphone support with Apple, and Android. The credit card reader is free, but if you happen to have already purchased one from a retail store, PayAnywhere is generous enough to rebate you $10 after your first swiped transaction. A £20 credit voucher will also be given to you to offset your initial transaction fees.
For an optional one-time fee of £20, you can request for an original chip-card reader (for iPhone and iPad) or audio jack reader (for Android devices).
No sensitive data will be stored on the mobile device and all data traffic will be encrypted.
Similarly, you can take photographs of the credit or debit card if you do not have the reader with you, but you will still need to key in the security and zip code manually. All you need to do is take a photograph of the front and back of the cheque to process it. It also offers you an optional PayPal merchant debit card which you can then use the funds to make eligible purchases and get 1% cashback from them. One thing which other mobile payment services couldn’t match up to PayPal Here is that payment funds are deposited into your PayPal account within minutes of the transaction.
Last but not least, Square Register’s free card reader is only an inch long and fits right into your pocket. It also extends to purchase receipts, where you have the option of putting your business name and logo on them and letting your customers choose whether to get these receipts as text, email or printed out on a paper. If you wish to develop a loyalty program for your customer, the Square dashboard offers some level of customizability as well. It also ensures speedy payment (by the next day), and provides email notification whenever a customer deposits a payment into your bank account. Square Register offers a costly yet attractive monthly flat rate that forgoes pay-per-transaction fees, which is good news for those of you who make large payments on a regular basis. Here are 10 of the most popular credit card payment systems you can adopt.
As the receiver of the payment, all you need to do is just punch in the amount for the purchase, swipe your customer’s credit card through the reader, then get their signature to authorize the payment.Īlternatively, credit cards can be manually keyed in, but there are higher transaction fees charged.Įlectronic receipts can usually be sent to the buyer’s emails for verification and book-keeping purposes. The card reader is plugged into the phone and the app activated. Read more From Smartphone to Card Readerīriefly, the merchant needs a mobile app and a card reader, which comes in the form of a piece of plastic (called a dongle).
In this increasingly digital world, it's not surprising that money will follow suit as well.
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