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.

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.

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

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** 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.

Tip of the Iceberg – Missing Debit Card Rate Reduction

I am reviewed three merchant account statements today and they all have one thing in common – these businesses are not receiving a reduction in rate when a customer uses a debit card. On one statement there is no debit card activity noted at all. So just in case you have not heard or you forgot – when a customer uses a debit card your rate should be lower…if your merchant account provider is passing along the savings they receive to you.

Here are the interchange rates for Visa debit transactions:

  • Visa Debit Card Present 1.03% + $.15
  • Visa Debit Card Not Present 1.60% + $.15

Interchange for a regular swiped Visa is 1.54% so with Visa the reduction in cost is .51% for a swiped debit card and .25% for a key in one.

Here are the interchange rates for MasterCard debit transactions:

  • Visa Debit Card Present 1.05% + $.15
  • Visa Debit Card Not Present 1.64% + $.16
  • Interchange for a regular swiped MasterCard is 1.58% so with Visa the
    reduction in cost is .53% for a swiped debit card and .25% for a key in
    one.

If you do not see a rate reduction on your debit card transactions matching what is above you are paying more than you have to. In other words you do not have straight pass through and you are probably paying inflated rates on your other categories of transactions.

The savings you would receive through lower debit card rates may not be large. However, not having the lower fees is usually as strong warning sign that your merchant account is not in order. Is your merchant account set up right? Are you receiving lower rates on other transaction categories? Do you have any EIRF? Isn’t it time to find out?

To have your merchant account reviewed fill out the form here and I will show you how we can significantly reduce your overall costs.

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Posted on November 6th, 2007 by Robb Lejuwaan in Customer Service, Interchange, Merchant Account, Straight Pass Through , , , , , , , , , , , , , ,

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1. Credit Card Blog - February 6, 2008

We’d love to get your feed back. We recently started a poll on the Worst / Best Credit Card Issuers:

http://www.asapcreditcard.com/blog/site-news/worst-best-credit-card-issuers-poll

Feel free to stop by and give us your opinion.