iCharge, based in Berlin and London, is launching a device which will be in direct competition with Jack Dorsey’s Square credit card payment system.
Similar to the Square, the iCharge is a small device that connects to your smartphone and allows you to take payments via credit card very easily. The iCharge system uses SSL encryption, ensuring that all transactions are secure. Additionally, all cards are checked for payment fraud, and the system also records the GPS location of where the transaction took place, adding an extra layer of security and transparency.
How to Get Started with iCharge
To begin using iCharge, all you need to do is purchase the smartphone card reader and register with the iCharge service. The registration process is straightforward and user-friendly, designed to get you up and running in no time. Once registered, you can start swiping credit cards for payments using any iPhone or Android smartphone application. The iCharge app is designed to be intuitive, making it easy for anyone to use, regardless of their technical expertise.
The iCharge device is compact and portable, making it ideal for small business owners, freelancers, and even larger retailers who need a flexible payment solution. Whether you’re at a trade show, a pop-up shop, or a permanent retail location, iCharge offers the convenience of mobile payments without the need for bulky equipment.
Features and Benefits of iCharge
One of the standout features of iCharge is its robust security measures. The use of SSL encryption ensures that all data transmitted during a transaction is secure. Additionally, the system’s fraud detection capabilities help to protect both the merchant and the customer from fraudulent activities. The inclusion of GPS tracking for each transaction adds another layer of security, making it easier to verify the legitimacy of each payment.
iCharge is also designed to be highly compatible with various payment methods. In addition to traditional credit and debit cards, the system supports contactless payments and mobile wallets, catering to the growing number of consumers who prefer these modern payment methods. This versatility makes iCharge a future-proof solution for businesses looking to stay ahead of payment trends.
Another significant advantage of iCharge is its cost-effectiveness. Unlike traditional point-of-sale systems, which can be expensive to purchase and maintain, iCharge offers a more affordable alternative. The initial cost of the card reader is relatively low, and the transaction fees are competitive, making it an attractive option for businesses of all sizes.
iCharge is hoping to start trials with selected retailers this summer and is looking to launch to a wider audience in the third quarter of 2010. The company is optimistic about the device’s potential to revolutionize the way businesses handle payments, particularly in Europe, where mobile payment solutions are rapidly gaining popularity.
Via Tech Crunch
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