PayAnywhere Introduces An Outstanding Mobile Payment... - Other News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » PayAnywhere Introduces An Outstanding Mobile Payment Card Reader

PayAnywhere Introduces An Outstanding Mobile Payment Card Reader

PayAnywhere Introduces An Outstanding Mobile Payment Card Reader

At the annual Consumer Electronics Show in Las Vegas, NV, payment card swipers are all the rage. In fact, the gizmos have been available at various storefronts throughout the past year.

However, once of the latest options on the mobile payment market, PayAnywhere, has set their sights high by asserting their intention to outpace the extremely popular app Square. They may, in fact, be poised to do by directly addressing the security concerns of consumers as well as offering an appealing variety of features tailored to meet the needs of business owners.

Both Square and Intuit GoPayment set the bar by availing those who register for their app of the necessary card-swiping accessory for free and PayAnywhere does the same. After that, GoPayment’s per-transaction fee is lower than that of both its competitors at 2.69% per. Square’s fee sits at 2.75% per transaction and Intuit GoPayment charges users 2.7% per card swipe and 3.7% for card numbers keyed in manually.

Currently, the PayAnywhere app is available on both Android and iOS. In two weeks time, the latest version will be released alongside a new app for BlackBerry users.

At CES, there was a demonstration of the app which revealed an interface that is very user-friendly. It allows for a point-of-sale system set up of fixed items, which would be useful in situations such as a restaurant that features a menu offering the same items every day. Merchants have the capability to log in from anywhere are will receive alerts if there is ever a duplicate transaction or an extraordinarily high receipt average. All of those things are extremely helpful for business owners who must oversee several employees.

PayAnywhere is both PCI-compliant and encrypts the data for every single transaction. These are two important features that should go a long way to reassure any customers who may be hesitant to partake of the new technology. Square notably was chastised back in the beginning of May 2011 by security company viaForensics when they discovered that the app did not store the last four digits of customers’ credit card numbers securely.

Another feature which sets PayAnywhere apart from other mobile payment processors on the market is that it allows merchants to record transactions while offline and then goes ahead and process them whenever a connection is established to the Internet again.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Macy’s Star Rewards for All

Posted: May 21, 2018

In the past, Macy's Star Rewards program was just for people who had a Macy's credit card, but that is no longer the case because the program has been given an upgrade. Now everyone can join the program and earn rewards. That said, ... Continue reading
More People Using Credit Cards While Delinquency Rates Inch Up

Posted: May 18, 2018

People are using credit cards more than ever, according to a new report by TransUnion that found that 416 million credit cards are in play in the market with 175 million consumers using them during the first quarter of this year. The ... Continue reading
New Bonus Offer for United MileagePlus Chase Card Cardholders

Posted: May 17, 2018

Bonus miles can be a real help when you're looking to book a trip, and now Chase is giving United MileagePlus Chase cardholders an opportunity to get 30% more bonus award miles by simply shopping with participating partners or by taking a ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.49% - 25.49% based on your creditworthiness*
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!