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May 1, 2011 06:32 pm GMT
Inuit's GoPayment reader, which competes directly with Square, is about to become more attractive to small businesses today. The company has made the decision dropped the transaction fee ($0.15 per transaction) for both new and existing customers for Visa, MasterCard and Discover cards, both swiped and key-entered as well as qualified and non-qualified transactions. The move will go into effect on Monday.Launched two years ago, GoPayment offers a complimentary app and credit card reader to allow small businesses to conduct charges via their smartphones. GoPayment is available for iOS, Android and Blackberry phones. So now, businesses using the mobile payments reader will only pay a flat 2.7 percent fee of a transaction for any swiped cards. Intuit will charge 3.7 percent for both key entered and non-qualified transactions.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nX0mO0ZR170/
Intuit's GoPayment Cuts Transaction Fees, Pricing Now More In Line With Square
Inuit's GoPayment reader, which competes directly with Square, is about to become more attractive to small businesses today. The company has made the decision dropped the transaction fee ($0.15 per transaction) for both new and existing customers for Visa, MasterCard and Discover cards, both swiped and key-entered as well as qualified and non-qualified transactions. The move will go into effect on Monday.Launched two years ago, GoPayment offers a complimentary app and credit card reader to allow small businesses to conduct charges via their smartphones. GoPayment is available for iOS, Android and Blackberry phones. So now, businesses using the mobile payments reader will only pay a flat 2.7 percent fee of a transaction for any swiped cards. Intuit will charge 3.7 percent for both key entered and non-qualified transactions.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nX0mO0ZR170/
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