Verizon Wireless and Intuit Inc. have formed a strategic alliance to give all small businesses the ability to process credit card payments on smart phones and tablets by offering Intuit’s GoPayment app and credit card reader in Verizon Wireless’ 2,300 retail stores and business-to-business sales channels.
The GoPayment card reader plugs into the audio jack of a supported smart phone or tablet. Credit and debit cards can then be swiped through the card reader or entered into the app manually and the transaction is processed immediately making funds automatically deposited into a user’s bank account within a few business days.
GoPayment supports devices on Android, BlackBerry and iOS platforms for most popular 3G and 4G LTE smart phones and tablets.
“Rather than lose out on potential business, anyone who sells a product or a service can now easily and affordably give their customers the option of paying with plastic,” said Chris Hylen, general manager of Intuit’s Payment Solutions division. “GoPayment is meeting a huge need and is one of the fastest growing mobile payment solutions in the market. With Verizon Wireless, we’ll help even more people discover that they too can process credit card payments on the phones or tablets they already own.”
As part of the new deal, Intuit is offering Verizon Wireless customers two months of free service when they select a monthly paid plan. Verizon Wireless customers can get the GoPayment credit card reader free with activation of a GoPayment account and a mail-in rebate for the $29.97 purchase price.
The GoPayment mobile payment app is free and the basic service has no monthly, transaction or cancellation fees, and offers a competitive 2.7 percent discount rate for swiped transactions. Tablet and smartphone users require a data package starting at $30 monthly access for 2GB of data.
A paid version of GoPayment is also available for $12.95 a month and provides a rate of 1.7 percent for swiped transactions.
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