14 DAY TRIAL // Mobile phone carrier Verizon Wireless and Intuit Inc. have just announced a partnership aimed at making the Intuit GoPayment app and pocket-sized credit card reader available for Verizon's customers.
The new partnership brings the ability to process credit card payments on smartphones and tablets, while the credit card reader was made available for purchase through all Verizon Wireless 2,300 retail stores, as well as via business-to-business sales channels.
GoPayment comes with support for a wide range of devices running under Android, BlackBerry and iOS, which means that users will be able to enjoy it on some of the most popular 3G and 4G LTE smartphones and tablets at the wireless carrier.
“GoPayment makes it easier and more affordable for small businesses to process credit cards and for anyone who sells products or services to accept credit card payments wirelessly. The card reader simply plugs into the audio jack of a supported smartphone or tablet,” Verizon explains.
Users can either enter the credit card in the application manually, or they can simply swipe it through the card reader for that.
“The transaction is processed immediately and funds are automatically deposited into a user’s bank account within a few business days,” the carrier continues.
GoPayment provides the possibility to create and sell from a list of frequently sold items, which should result in faster processing payment times.
Users will be offered the possibility to apply sales tax, add tips and send customized receipts through simple text messages or email. Sensitive data will not be stored on the phone, but it will be encrypted on the card reader and via the GoPayment app.
The GoPayment credit card reader is available for Verizon customers for free with a GoPayment account and after a mail-in rebate for the $29.97 purchase price. The application is available for free, while the service will have no monthly fee, not to mention that it comes with a 2.7 percent discount rate for swiped transactions.
“A paid version of GoPayment is also available for $12.95 a month and provides a low discount rate of 1.7 percent for swiped transactions. Intuit is offering Verizon Wireless customers two months of free service when they select this monthly paid plan,” Verizon notes.
“Customers who purchase a smartphone for their GoPayment use will need to subscribe to a Verizon Wireless Nationwide Talk plan beginning at $39.99 for monthly access. Tablet and smartphone users require a data package starting at $30 monthly access for 2 GB of data,” the carrier continues.
More info on this can be found on the carrier's website here.