Mobile Payments have always been something that was pondered about. No one has really revolutionized the industry, yes maybe the Square made a splash but we are only scratching the surface. I think mobile payment solutions are going to sky rocket in the next two years. With products like Google Wallet and NFC in todays technology, its only a matter of time until you see some NFC chips installed at your local Walmart. Accepting mobile payments either by cash or credit is made a lot easier if you keep it on a digital journal, hints why we have so many applications with Terminals.
PayAnywhere is an application that let’s you make your own store with merchandise, sounds like the others. But this one has a few tricks up its sleeve. It will automatically put in the tax for you and the percentage you keep is unlike the others. To start off, there is no fees when you sign up. When you open a merchant account, they will ship you a free card reader that works for iOS, Android, and now BlackBerry. You’re account will be processed and approved (if you’re 18 or older) in 5-7 days. My account was approved within 2 hours, thats some service. You enter all your tax information, bank information, and you are done and ready to start selling. Starting a transaction is as simple as it can be, and when you’re done, you can email receipts which the preset in PayAnywhere is very professional. The application is also AirPrint friendly so if you want a physical copy, just AirPrint it to any printer capable.
Now with PayAnywhere there are no monthly fees. Its completely free to use the application. They only take 2.69% + $0.19 per transaction but your first $1,000 in sales will go completely to you which is also very nice. There is no termination fee if you close your merchant account and there is no monthly minimum. It makes this terminal application a very user-friendly and stress free application for people who don’t see very often. Maybe a few transactions per month. The money is direct deposited to your bank account with 5 days which is very convenient.
PayAnywhere is my favorite payment solution, I’ve used it for a few weeks now and I’m very impressed. Its very accurate and it makes transactions a whole lot more interactive and easy!