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.

Credit Card Terminal Warning

Can you say proprietary?

How about “proprietary credit card data capturing device?”

To explain what I am trying to get at let’s start with the definitions of the words in that phrase above:

pro·pri·e·tar·y = indicates that a
party, or proprietor, exercises private ownership, control or use over
an item of property, usually to the exclusion of other parties.

cred·it card dat·a captur·ing de·vice
= credit card terminal

When you put these words together what you end up with is a credit card terminal that only works for a particular credit card processingnetwork. On top of that the companies that make such products usually have contract with an early cancellation fee and lease the terminal to their clients for three to four years!

So let me paint a picture for you. You, the merchant, are somehow sold on a rate of 1.39% from a credit card processor. But of course to get such a rate you have to lease a new machine and sign a four year contract. You sign the paperwork, your new terminal arrives the next day and off you go, looking forward to saving all that money because of the wise business decision you just made.

Then your first statement arrives. What’s this? The 1.39% only applies to 35% of your transactions?! The other transactions come in a rate somewhere between 2.79% to 4.23%! On top of that your lease is $39 a month ($39 x 48 months = $1872!). Now what do you? You want out of this contract and you want out now. Problem is you are stuck with a four year contract with an early cancellation penalty and a terminal that only works with this provider and you still owe 41 months of payments on it.

So what is the solution? I have no idea. I am just trying to warn you to watch out for such a scenario and make sure it does not happen to you. Just remember this time tested, well know wisdom – if it is too good to be true, it usually is. Consider yourself warned!

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Posted on October 24th, 2007 by Robb Lejuwaan in Equipment, Merchant Account Merchant Account, Terminals

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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.