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Mobile payment processing overview

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Compare the latest mobile payment solutions for your business.

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Mobile payment processing overview

  1. 1. MobilePaymentProcessingOverviewThe pro’s, the con’s, theprice of today’s hottestmobile payment solutionsbased on research from Accounting LinkTechnologies, LLC
  2. 2. 2An Overview of MobilePayment Processing Everyone has already seen or heard of the hottest devices that transform your phones and tablets into credit cards readers making the payment process quick and easy for the buyer and seller From card readers, QR codes and mobile wallets – mobile payment has exploded into our lives increasing customer service and loyalty Some of these technologies can except cash, credit, debit, take a photo of your check, or simply scan or tap your phone Let’s explore some mobile payment solutions Confidential - Accounting Link Technologies 2012
  3. 3. 3Intuit Go Payment Free card reader Works with iOS 4.0+ devices and most Android phones and tablets Automatic location based sales tax calculation Void and refund a sale only for the original transaction amount Use web interface to process partial refunds and charge cards, authorize funds, capture authorization, set up recurring payments and generate reports Inventory items aren’t synchronized across devices Does not track cash payments Send receipts via email or text Add contact database on your device (add-on) Android has air print functionality Fundraising feature can keep track of donations and contributions Accept Visa, MasterCard, Amex and Discover 2.7% of transaction Intuit $13/month plan allows you to drop fee to 1.7% 2.7% keyed or manually type in card number Confidential - Accounting Link Technologies 2012
  4. 4. 4PayAnywhere Mobile Free card reader Works with iOS 4.0+ devices and Android 2.1+ phones and Blackberry phones 4.7+ App and web interface can track cash payments, tips and discounts Perform regular charges, pre-authorizations, forced transactions, voids and full or partial refunds from app or web Printers and cash drawers are not supported on Android, Android tablets not supported yet Waive the client signature if transaction is under $25.00 Track cash payments, tips and discounts Send receipts via email and text iOS airprint functionality Add on star thermal printer and cash drawer Visa, MasterCard, Amex and Discover swipe fee is 2.69% Manual or keyed in transaction fee is 3.49% plus 19 cents Confidential - Accounting Link Technologies 2012
  5. 5. 5Square Mobile and SquareRegister Free card reader Works with iOS 4.0+ devices and Android 2.1+ phones and some Android tablets Web interface tracks cash payments/tips, customer loyalty program, view/download transaction details and simple CSV spreadsheets iOS tablet version lets you select items from inventory and add multiple items to each transaction Sales history and ability to configure tax and tip Signature option Pay by voice (recognized thru GPS/photo id) GPS allows you to track where each sale took place New user permissions and register option Cannot do partial refunds Electronic receipts via email and text Android devices need to be signed out of Connect cash drawer or receipt to iPad Visa, MasterCard, Amex and Discover swipe fee is 2.75% Manual or keyed in transaction fee is 3.5% plus 15 cents
  6. 6. 6VeriFone SAIL Mobile Free card reader Works with iOS 4.3+ devices, Android phone and tablets coming soon Online inventory synced to mobile devices and scans UPCs to add inventory items to a sale Void and refund sale using app for full transaction amount only, partial can go thru web interface View and download transaction details of sales, tax, tip on web Sync inventory SKUs and UPC across mobile devices via web interface Manager permissions Lacks receipt printing, text message receipt not yet supported Not able to work on tablets yet Receipts can include links to your pages on social media Mobile printer and countertop card reader is in the future (Countertop hardware sells for $100 plus $15/monthly rental) Visa, MasterCard, and Discover swipe fee is 2.7%, Amex is 3.7% Service plan is $10/month and transaction swipe reduced to 1.95% Manual or keyed in transaction fee is 2.95% Confidential - Accounting Link Technologies 2012
  7. 7. 7Paypal Mobile Free card reader Works with Apple and Android Requires Paypal account (app is coming out soon) App can snap picture of check to submit payment Earn 1% cash back on MasterCard Visa, MasterCard, Amex and Discover swipe fee is 2.7% Manual or keyed in transactions fee is 3.5% plus 15 cents Confidential - Accounting Link Technologies 2012
  8. 8. 8NCR Silver New on the scene, NCR let’s merchants ring up sales with their free app Card reader will be $79 for each iPad, iTouch or iPhone you register $549 device that scans barcodes and reads credit cards Cash drawer and receipt printer $619 Special $39 month for life if you are first 1000 to sign up Detailed reports, sales and profitability analysis, transaction details Confidential - Accounting Link Technologies 2012
  9. 9. 9Level Up Free app Works with iPhone, Android & Blackberry Scanner rental $25/month Link credit/debit card to get unique QR code Scan your QR code to pay No processing fees for $10+ purchase Level Up Campaigns - .035 for every $ of credit successfully used by customer Confidential - Accounting Link Technologies 2012
  10. 10. 10Groupon Free Reader Attaches to iPhone and iPod Touch via audio jack Breadcrumb iPad POS ($99 (1) - $399 (10) 1.8% + $0.15 swiped Visa, MasterCard, Discover and 3% + $0.15 for Amex Accept credit and debit and manual transaction Phone case $100 Lowest of any payments processor on the market 1.8% + $0.15/transaction – MasterCard, Visa and Discover American Express 3% + $0.15/transaction Manual transactions  MC/Visa/Discover 2.3% + $0.15/transaction  Amex 3.5% + $0.15/transaction Higher rates if you don’t use Groupon Coupons Confidential - Accounting Link Technologies 2012
  11. 11. 11Links for more information Intuit GoPayment Visit these website PayAnywhere to learn more Square Mobile about: Square Register features, pricing, add on’s or to VeriFone SAIL sign up Paypal Mobile NCR Silver Level Up Groupon Confidential - Accounting Link Technologies 2012
  12. 12. 12Contact UsQuestions about howyour business can Accounting Link Technologiesbenefit from mobile 845-567-4376payment www.altny.usprocessing, feel free inquiries@altny.netto contact ALTanytimeFriend us onFacebookFollow us on LinkedIn

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