Intuit, PayPal Make Mobile Card Acceptance Waves
March 18, 2013
Intuit and PayPal made announcements late last week expanding their respective mobile card acceptance and processing systems. Intuit said it has launched a version of its GoPayment solution, called Intuit Pay, in the U.K. Intuit Pay, which like its European competitors that have launched mobile card acceptance recently, offers Chip-and-PIN card acceptance with a card reader linked via Bluetooth to a mobile device. For a limited time, the company is offering its readers free (others have been charging as much as GBP99). The company’s per transaction fee of 2.75 percent per transaction is in line with those of Adyen , iZettle and Payleven , its competitors in the space.
Separately, PayPal had announced the U.K. launch of its mobile card acceptance system, PayPal Here, in February. But, last week the company launched an expansion of PayPal Here in the U.S. when it said it would offer mobile card acceptance for the iPad, setting up competition with Square’s Register product. According to its corporate blog, the iPad app allows for a variety of payment methods, including swiping a credit card with PayPal Here, manual card number entry, and scanning a card using Card.io. The app also integrates with eBay’s RedLaser technology so merchants can scan barcodes to make a sale or even to add to their inventories.