PaySimple Introduces a Mobile Credit Card Reader - Products News


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Credit Card Applications » News » Products » PaySimple Introduces a Mobile Credit Card Reader

PaySimple Introduces a Mobile Credit Card Reader

PaySimple Introduces a Mobile Credit Card Reader
The content is accurate at the time of publication and is subject to change.

There’s a new way for businesses to accept credit card and debit card payments on the go. PaySimple, a cloud-based platform that lets small businesses manage their finances online, now offers a plug-in for iPhones and iPads. Business owners can swipe debit or credit cards to accept payments anywhere, anytime.

The device joins similar plug-in card readers from Square and PayPal. All three businesses offer the card readers free to users – although Square and PayPal devices are shipped free, while PaySimple charges $6.95 shipping and handling for the card-reading device.

PaySimple, Square and PayPal Here all charge business owners a similar percentage of each transaction, commonly called a swipe fee. But while Square and PayPal don’t charge a monthly fee, PaySimple offers that option for a lower swipe fee.

Charges break down like this:

  • PaySimple: Two plans – the Starter plan charges 3.49% + $0.39 of each swipe plus a monthly fee of $14.95; the Pro plan charges 2.49% + $0.29 of each transaction plus a monthly fee of $39.95.
  • Square: 2.75% of each transaction, 3.50% + $0.15 for each keyed-in or scanned transaction, no monthly fee.
  • PayPal Here: 2.70% of each transaction, 3.50% + $0.15 for each keyed-in or scanned transaction, no monthly fee.

The monthly fee for PaySimple also includes several features that allow owners to manage their businesses, such as customer record management, setting up recurring payments, scheduling bill payments and seeing real-time cash flow updates on their mobile devices. All these features are available through the Run-Your-Business App for iPhone and iPad, which is free. PaySimple Mobile lets users accept not just credit and debit cards but ACH payments as well.

The PaySimple mobile payment system and Run-Your-Business App are not yet available on Android operating systems. Square and PayPal Here, which have been on the market longer, are fully compatible with Android and iOS devices.

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.
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