Mophie, best known for their juice-carrying iPhone cases, is partnering with Intuit to bring card solution capabilities to anyone with an iPhone.
Appropriately dubbed the Complete Card Solution for iPhone, the $179 unit includes a card-swiping phone case and Intuit’s GoPayment app. All you need is 15 minutes for the verification procedure and you can start swiping for lunch payments and bar tabs.
The target clients seem to be professionals in the service sector like electricians and plumbers though it’s more likely to be used by on-the-go merchants who want to expand to taking credit cards. Maybe even concierge doctors will be using this soon.
There’s a catch though: monthly fees are at $12.95 and transaction fees are between $0.30 and $0.34. you also have to think of the cut they are taking; 1.7 to 3.7 percent of the final payment, depending on the type of card used.
There’s clearly a need for these but at the moment, it will likely only attract businesses that can afford the solution’s high investment requirement. But as they say, if you want to grow, you have to keep up with the times.
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