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.

Who Get’s Your Merchant Account Fees?

The Biggest Chunk: The Issuing Bank (the bank that “issued” your customer’s their credit card)
This part of your fees are called “Interchange.” Depending on the type of business, size of transaction and type used these fees range between 1.03% and 2.70% plus transaction fees of $0 to $0.15.

Next: Visa or MasterCard (the associations)
These are called “Assessments.” Visa gets 0.0925% and MasterCard gets 0.095%

Then: The Networks (like phone networks, but for transactions)
These typically charge a fee for each authorization and capture and sometimes a small percentage of the captures transaction amount (.02% – .06%).

Followed By: Your Processor and the Acquiring Bank (the bank that gives you your customer’s money)
These can charge almost whatever they want, as long as you as the merchant will let them. Typical amounts are from .30% to 1.50%.

This is, of course, a pretty simple overview. For more details, check out:

Where do Processing Fees Come From? Pt. 1

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Posted on June 25th, 2008 by Robb Lejuwaan in Basics, Interchange, Merchant Account, Rates and Fees Acquiring Bank, Interchange, Issuing Bank, MasterCard, Merchant Account, Rates and Fees, Visa

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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.