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.

Eight Ways to Save Money – Method #8 – Capture Level II and III Data

Capture Level II and III Data on Corporate Card Transactions

Visa and MasterCard business, commercial and purchasing cards are used just like personal credit cards. However, these cards have higher interchange rates because they offer businesses high value (and costly) features such as enhanced reporting, consolidated billing for multiple cards and statement enhancements.

The general rule with these types of transactions is the more data collected the lower the discount rate is. Just by entering in the Level II data noted below you can cut your rates by up to .60%. So this is definitely worth looking into if your business has a high volume of business/corporate card transactions

To receive Level II rates here is what information needs to be included:

Visa: Sales tax amount (must be between .01% and 22%)
For purchase cards – a tax indicator and customer code

MC: Sales tax amount (can enter $0)
For purchase cards – a tax indicator and customer code

To receive Level III rates include everything listed above and the following:

Visa: Discount amount, freight/shipping amount, duty amount, item commodity code, item descriptor, product code, quantity, unit of measure, unit of cost, discount per line item and line total.

MC: Product code, item quantity, item description, item unit of measure, extended item amount, debt or credit indicator.

What You Can Do

Check your terminal and POS software to make sure your employees are being prompted for level II data when ever a commercial card is used.

Make sure every employee handling merchant account transactions knows to enter in the Level II data on every commercial card transaction.

Contact your merchant account provider to discuss if the cost and effort of entering Level III data is worth it.

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Posted on January 23rd, 2008 by Robb Lejuwaan in Interchange, Merchant Account, Non-Qualified, Qualification, Rates and Fees Corporate Cards, Interchange, Merchant Account, Qualification

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PAYware Mobile iPhone Credit Card Processing

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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.