NEW ORLEANS (International CTIA WirelessÂŽ 2012) and TROY, Mich. â May 8, 2012 â PayAnywhere (www.payanywhere.com), a leader in mobile point of sale solutions, today announced its acclaimed credit card reader for smartphones will be shipping to retailers across the country beginning this month. With the most complete set of mobile payment features, around the clock customer support and online Merchant Portal, PayAnywhere is the most comprehensive mobile payment solution available to merchants. Beginning this summer merchants can pick up the PayAnywhere credit card reader at local retailers and within hours be accepting credit card payments from customers.
The PayAnywhere credit card reader easily attaches to iPhones, iPads, Android smartphones and tablets, and BlackBerry smartphones. Designed to stay in place during use, the reader features a magnetic head approximately twice the length of competitorsâ readers for improved reading of credit card mag stripes.
The PayAnywhere reader and service meet Payment Card Industry (PCI) certification standards and credit card data isnât stored on the merchantâs smartphone, tablet or the PayAnywhere app. PayAnywhere employs the highest level of data encryption ensuring every transaction is protected so merchantsâ customers can pay with confidence.
Used today by merchants ranging from billion dollar enterprises to the weekend neighborhood garage sale, PayAnywhere is the payment industryâs only enterprise-grade, no compromise mobile payment solution suited for any size merchant. Created by a company with two decades of providing credit card processing to merchants of all sizes, PayAnywhereâs mobile point of sale (POS) technology brings the transaction to the customer and helps merchants use their smartphones or tablets to boost sales and improve cash flow.
Setting up a PayAnywhere account is fast, easy and free. Once the $9.95 PayAnywhere credit card reader is purchased from a retail location, merchants simply download the free app from the Apple App Store, Google Play or BlackBerry App World and follow the in-app instructions to sign up for the payment service. Approval takes only a few hours, allowing the merchant to begin accepting credit card payments the very same day they purchase the reader. Once the merchant uses PayAnywhere to process $150 in sales, a $10 rebate will appear on their next statement to cover the cost of the reader.
PayAnywhere offers the lowest transaction fees in the mobile payments industry (2.69 percent per swipe), and its pay-as-you-go pricing plan requires no setup or cancellation fees, no monthly fees, and no minimum processing dollar amount. PayAnywhere also boasts one of the fastest pay out times in the industry, with merchants typically receiving funds within two business days of a transaction. Merchants who purchase PayAnywhere at retailers will also find additional incentives and promotions packed together in the box with the credit card reader.
The PayAnywhere app lets merchants:
â˘ Easily accept âcard presentâ and âcard not presentâ credit card (Visa, MasterCard, Discover and American Express) and cash transactions
â˘ Process sales, refunds, voids, pre-authorizations and forced transactions right from the PayAnywhere app
â˘ Store and forward transactions to process later when