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.

Video: Merchant Accounts – What to Look For and Ask About , Part 1

Watch this video and read this post to learn what to look for and ask when you are shopping for a merchant account.





What watch out for:

Super low discount rates – the lower the advertised rate is the greater your effective rate typically will be.

Free terminals or gateways – in business nothing is free in the long run. Chances are if you are paying nothing for a $300 terminal you are gong to receive a higher rate and a nice three year contract with a $300 early termination penalty.

Proprietary gateways, software and terminals – if you cannot use the “point of sale” products they are providing with other merchant account providers reject the offer. If you want to leave them but cannot transfer your data you are stuck! Or maybe you like buying new terminals every time you move to a new provider.

Questions to ask:

Can I have interchange plus pricing?

Do I receive rebates when I issue a credit to a customer?

Do my rates go down when a customer uses a check card? (Swiped Visa -.51% + $.05; swiped MC -.53% + $.05; keyed in Visa ad MasterCard -.25% + $.05)

Are there any other additional fees, margins, costs, etc. that you have not mentioned to me?

If you are going with a tiered rate plan ask for a break down of what card types are included in each tier.

If there is a minimum monthly discount fee, ask if that fee is waived if your discount fees for the month exceed that amount.

Is there an early termination penalty? If so, what is it?

Is there an auto renewal clause in your contract? If so, can I get rid of that?

When I have customer service issue who do I call? If they do not provide their own name or someone else’s, say good bye, you deserve better.

What is EIRF ad how can I get rid of it? If they can’t answer this basic question, say bye bye.

There are more things to look for and ask about, but this is a good start. If you have any thing you think I should add to list let me know. If you have any questions about this topic please add them to the comment section below or click the contact tab above.

NOTE: I have added a second part to this post, check it out here.

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Posted on August 19th, 2008 by Robb Lejuwaan in Basics, Merchant Account, Rates and Fees , , , , , , , , , , , , , , , , ,

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1. Sarunas Rackauskas - August 25, 2008

Robb, nice post and video. I just looking to change from my bank’s merchant account and shopping. What do you think of ProPay? What is a reasonable discount? Currently bank charges 2.24% plus non-qual sales transaction fee of 10 cents per.

2. Robb Lejuwaan - August 25, 2008

Sarunas,

I am not really familiar with ProPay. At first glance it looks similar to PayPal. Also, when I googled ProPay some negative comments came up on the first page of the search results.

I assuming 2.24% is for a card not present transaction. If that is the case that rate is just average. The thing that concerns me is the tiered rates. If they are like most in this industry the “non-qualified” tier is a major profit center for them and will cause your effective rate to be much higher than 2.24%.

I am going to write more to you on Twitter so this comment does not turn into a short book.

3. Sarunas Rackauskas - August 25, 2008

Thanks Robb, will follow your tweets on the subject.

4. Merchant Account Blog - Straight Pass Through - August 29, 2008

[...] you haven’t watched part one of of this two part series go here to watch the first [...]