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

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many 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

Add to Favorites:
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.

Add to Favorites:

Related News:

Citi and ExxonMobil Add New Features to SpeedPass

Posted: June 22, 2017

With the new upgrades made to the ExxonMobil Speedpass mobile payment app by Citi Retail Services and ExxonMobil, people can now apply directly through the app for the ExxonMobil Smart Card credit card. People who apply for the card ... Continue reading
More People Paying with Mobile Devices

Posted: June 21, 2017

Mobile and person-to-person payments are gaining traction with consumers, according to a new study by Fiserv, a financial services tech company. They also found that the number of people using digital wallets is slowly growing too. Why? ... Continue reading
Academics Trump Cost for Parents with College-Bound Kids

Posted: June 20, 2017

When it comes to their kids' college education, 50% of parents are more concerned with the school's academic standing than other factors when figuring out which school is the best fit for their child, according to a new Discover national ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. Bonus Miles - For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You could turn $200 into $400 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
No Annual Fee
For Bad Credit