All you need is an iPhone, the iOS credit card reader and your finger.
The idea behind making the transactions mobile and easy is to open up the payment system for small businesses. This means they will be able take a payment anywhere without the stinging cost traditional card readers incur at the moment. As business owners you won’t need to set up a merchant account and pay any annual fee, this process is clear and transparent.
To the user it’s also quick and easy as the lengthy process of dialling through a land line is redundant too.
If this catches on, queues and impatience will be a thing of the past so I for one, am on board from both sides of the fence.
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