VeriFone Sets SAIL for Mobile Acceptance

May 10, 2012

VeriFone this week introduced SAIL, its mobile credit-card acceptance system that will compete with Square, PayPal Here and Intuit’s GoPayment. The company is offering smaller merchants the app and plug-in dongle that enables iOS and Android devices to accept card payments for free. Also, for merchants with higher volumes and multiple locations, SAIL offers integration with traditional VeriFone countertop devices that support EMV smartcard, NFC contactless and mobile wallet in addition to traditional card-based payments.

SAIL says lower volume businesses can opt for a flat 2.7 percent fee for swiped transactions, while those with higher volumes can pay a monthly fee of $9.95 and 1.95 percent per transaction. The first merchant acquirer to market the system will be Cincinnati-based Vantiv Inc.