The AP News For the NY Times writes: Need to accept credit cards for your small business? You have more
reader options than ever. Online retailers Amazon and Etsy are the
latest companies to offer the devices, which plug in to smartphones and
tablets and let business owners accept credit cards anywhere. They join
established players such as Square and Inuit GoPayment.
The
card readers work the same: They take a percentage of each transaction
when a card is swiped, usually about 3 percent. They charge more if the
card needs to be manually typed in, instead of swiped. Most work on
Apple's devices and those that use Google's Android operating system.
Here's a look at some of the players:
AMAZON LOCAL REGISTER
The
online retailer charges $10 for its reader, but credits the money back
after it is used. Amazon charges 2.5 percent for every card swipe and
2.75 percent when card info is typed in manually.
CHASE MOBILE CHECKOUT
Chase's
reader is aimed at mid-sized businesses that would use it more
frequently. Users must have an account with Chase. It charges $9.95 a
month for the reader, plus a minimum of $25 worth of goods must be sold a
month, or the business owner must pay the difference. It charges
between 1.99 percent and 3.76 percent, plus 25 cents, for each swipe.
Chase sets the cost, depending on the type of business. Those interested
need to ask Chase for fee information.
ETSY CARD READER
This
reader, from online marketplace Etsy, charges 2.75 percent per swipe
and 3 percent, plus 25 cents, for manually entering the card number.
You'll need a shop on Etsy to use it. Demand for the Etsy card reader
was higher than expected when it was unveiled last fall, and the company
ran out of readers in late October. The company says it will have more
in early 2015.
INTUIT GOPAYMENT
This
card reader comes from Intuit, the company behind accounting software
QuickBooks. It has two plans: one has no monthly fee and charges 25
cents per transaction, plus 2.4 percent per swipe and 3.4 percent for
typed-in card numbers. The other is $19.95 a month and charges 25 cents
for every transaction, but charges lower percent fees: 1.75 percent for
swiped cards and 3.15 percent for typed-in card numbers.
PAYPAL HERE
The
payment processor's card reader costs 2.7 percent per swipe. For card
numbers that are added manually, the cost is 3.5 percent, plus 15 cents.
PAY ANYWHERE
This
reader comes from North American Bancard, a credit card processing
company. It charges 2.69 percent per swipe and 3.49 percent, plus 19
cents, for manually entered numbers.
SPARK PAY
Owned
by Capital One, Spark Pay has two plan options. One, aimed at merchants
with a lot of credit card transactions, has a $9.95 monthly fee and
charges 1.95 percent for Visa, MasterCard and Discover cards, 2.95
percent for American Express cards and 2.95 percent for card numbers
that are typed in. The other plan has no monthly fee and charges 2.70
percent for Visa, MasterCard and Discover cards, 2.95 percent for
American Express cards and 3.7 percent for typed-in transactions.
SQUARE
The company takes 2.75 percent of each swipe, and 3.5 percent plus 15 cents for credit card information that is typed in.
_____
ONLINE:
Amazon Local Register: http://localregister.amazon.com/
Chase Mobile Checkout: http://www.chasepaymentech.com/mobilecheckout/
Etsy Card Reader: https://www.etsy.com/reader
Intuit GoPayment: http://payments.intuit.com/mobile-credit-card-processing/
PayPal Here: https://www.paypal.com/webapps/mpp/credit-card-reader
Pay Anywhere: http://www.payanywhere.com/
Spark Pay: https://www.sparkpay.com/
Square: https://squareup.com/
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