Swipe It – The Latest iPhone Credit Card Processing System
Tags: alternative payment methods, credit card readers, iPhone credit card processing, mobile payments companies
Swipe It is the name of the latest entry into the iPhone credit card processing fray, joining Square and iCharge, among others. Swipe it lets users connect an iPhone or an iPod Touch to a credit card terminal, which costs $0.99. The terminal comes with an AC adapter and can also charge the iPhone while it’s connected.
Some of the more important features of the new payment system are:
- Swiped data is encrypted before it’s transmitted from the reader to the Swipe It app.
- Support for Visa, MasterCard, American Express and Discover.
- Swiped transactions are processed at “card-present” rates, much lower than non-swiped transactions.
- The Swipe It app is available to download on Apple’s App Store.
- Swipe It works both on the cell phone data network and Wi-Fi broadband connection.
(Via Macally.com)
