If you had any doubts about merchant services processing going mobile – here is more evidence that wireless merchant services is the way of the future.
May 8th, VeriFone will be launching SAIL, a mobile payment-processing platform for small and medium-size businesses. This program will compete directly with Square and PhoneSwite. Merchants who sign up with VeriFone’s SAIL program will receive a free credit card reader that that they can connect via a short cord into into their Android smartphone or tablet, or the iPad or iPhone. They can then download a free app for credit card merchant services. The SAIL merchant will pay a 2.7 percent fee for each swiped transaction, which is less expensive than Square’s 2.75% fee and right on par with PhoneSwipe Fees.
Or merchants can get mobile payment processing services with free merchant equipment from companies like North American Bancard or Choice Merchant Services with some rates as low as 1.05%.
