PAYware Mobile iPhone Credit Card Processing

The PAYware Mobile iPhone credit card application and reader make payments possible anywhere your iPhone can go. The reader makes every payment a card-present transaction, reducing your merchant account bill significantly. Plus our merchant account for PAYware mobile has the cheapest rates you'll find anywhere.

Why the getting an iPhone credit card swiper is better than a normal application:

** We have the lowest merchant account rates, guaranteed! **

If you find any lower rates, we'll beat them. But good luck finding lower rates than ours!

iPhone application to accept credit cards

Using a swiper lowers the cost of accepting credit cards by eliminating higher rates from 'Card Not Present' transactions.

iPhone mobile payment processing terminal machine

The reader automatically encrypts credit card data so that your customer's account data is never stored on the iPhone, reducing liability.

Never key-in or write down credit card numbers again. The process is swift and error-proof, making each transaction a breeze. iPhone PAYware merchant account swiper application sleeve

Never key-in or write down credit card numbers again. The process is swift and error-proof, making each transaction a breeze.

iPhone credit card terminal swiper machine

Verifone, the maker of PAYware, is the biggest and most trusted manufacturer of credit card processing machines in the US.

iPhone PAYware credit card processing merchant account

..are awesome. We flaunt them because we know how low they are compared to the competition and we want you to know exactly how much you will be paying.

Merchant Account – Retail or MOTO? Part 2 of 2

Pricing Difference Between a Retail and a MOTO Account

Both Visa and MasterCard see a card not present (CNP) transaction as a greater fraud risk than when a card is present and swiped. Therefore, both have a .31% surcharge on CNP transactions. So let’s say you have a base discount rate of 1.85% on a retail account. If you switch your account to MOTO your base discount rate would be 2.11% (1.85% + .31%).

So what happens when you have switched to MOTO and a client comes into to your office and swipes their card? If your account is set up correctly, that transaction should come in .31% lower than your base discount rate. In other words with a MOTO account you are still getting the lower rate on the swiped transactions and reducing your risk of non-qualified transactions or EIRF.

The only negative is your base discount rate may sound high because of the .31% surcharge. But if you understand how a MOTO account works you can see that higher rate is really not an issue at all.

Summary

If you have more than 25% CNP transactions make sure your merchant account is set up MOTO.

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Posted on July 28th, 2007 by Robb Lejuwaan in EIRF, Merchant Account, Non-Qualified, Qualification, Rates and Fees EIRF, Encouragement, Merchant Account, MOTO

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PAYware Mobile iPhone Credit Card Processing

Information and reviews for iPhone merchant account applications and swipers

If you prefer an iPhone credit card processing application other than PAYware mobile, we will give you a $50 iTunes gift card if you sign up with our merchant account. However, PAYware Mobile is the only application on the market with a credit card reader or swiper.