Kristina KapanovaMobile Card Processing

POS - means the point of sale (the place and time) where money changes hands.

In most of 19th and 20th century payments were made by cash or check, and merchants were using registers.

1974 - beginning the use of barcodes in business transactions in markets.

1974- 2000s – businesses adding computer terminals, card swipe devices, signature pads to accommodate payments.

Brief History of POS

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Mobile credit card processing services let businesses and freelancers use a smartphone/tablet to take payments anywhere there is mobile service.

You need smartphone/tablet, mobile connection, card swiper, and mobile app.

Payment Card Industry Data Security Standard (PCI-DSS). PCI-DSS is a set of policies and procedures to enhance the security of credit, debit and cash transactions as well as protect cardholder information..

Mobile Card Processing

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Square's products cater to everyone from the solo, mobile entrepreneur to high-volume stores. The card reader comes either for free or you are charged 10$ for it. Operates in United States and Canada.Square charges a fee of 2.75% on every credit card transaction or 3.50% plus $0.15 cost per manually-entered transactionSquare Wallet - allows customers to open a tab and pay only by telling their names with the system charging their credit card on file

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Square

PayPal is long established name in the mobile payment services.

Currently for US, Canada, Hong Kong, UK, and Australia.

The card reader comes for free.

PayPal Here offers a flat rate of 2.7% for card swipes and PayPal payments.

The app is used not only for accept card payments and track cash, but also to allow tracking inventory, charging money to customers and sending invoices.

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PayPal

iZettle is social payments company, which offers secure payment services, which includes an app and mii-chip card reader for a mobile device. The company was founded in 2010 in Sweden and is currently available in Sweden, Norway, Denmark, Finland, The United Kingdom and Germany.The chip-card reader come for free.The fees depend on country location but in UK and Sweden it is 2.75% per card-swipe.The App allows great customization of products, categories, VATs, discount options, etc.

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iZettle

The deal website Groupon also created a smart phone-based credit card payments system.Available in US.Free card readerThe fees are 1.8% of credit card sales, plus a $0.15 per transaction fee for MasterCard, Visa and Discover cards. For American Express cards, it charges 3 percent plus the 15 cent fee.Customizable Tax settings.Entirely compatible with the Groupon Deals System for claiming discounts.Through the app you can track sales reports and trends

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Groupon Payments

Currently for US and Canada, and plans to go global.Offers Pay-as-you-Go and monthly subscription.Free card ReaderPay-as-you-Go swipe fee 2.75%, with no transaction fee, and 3.75% for manually-entered transaction. Monthly Service comes for $12.95/month with 1.75% per swipe fee, and 2.75% for manually-entered transaction.It can look up and assess the correct sales tax based on your current GPS locationIntegration with QuickBooks

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Intuit

Available in US.The fees are 2.7% per swipe, with, keyed-in transactions cost 3.50% and 19¢ per transaction.The card reader comes for free.Allows QuickBooks integration.Ability to set up multiple merchant accounts inside a single app.It can look up and assess the correct sales tax based on your current GPS location.Offers Cash drawer functionality.View sales trends and tracking tool.

Moblized

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Available in US.The card reader comes for free.The fees are 2.69% per swipe, with, keyed-in transactions cost 3.49% and 19¢ per transaction.It can look up and assess the correct sales tax based on your current GPS location.Real-time reports display both cash and credit card transactions to show sales, refunds, voids, and totals.

PayAnywhere

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