Interested in this as our bonified merchant card contract is next to useless. Anyone had any experiences? Are charges similar to normal merchants? Is settlement made quickly etc. I assume it work sin a very silimar way to a normal merchant account?
Moe
Yes, Me and my wife both use it for our small businesses.
It actually works very well, I was sceptical at 1st but did a trial payment and got credited instantly to the business account. They charge a flat fee of 2.75% with no monthly charges, just £20 to buy the card reader (I got the IP5 version) but you get a code for £20 worth of transaction credits with it so effectively free.
The only downsides are I guess connection speeds of your device, but that's only mobile for me and apparently there's some issues with some Visa cards but the ones we tried worked fine. Mastercard appears to work no problem too.
Sounds good, can it also be used to process payments without customer present?
Er, I think so yes but the fee is slightly greater if the card reader isn't used. 10p + 3.5% rings a bell.
Thanks for the info, I might give it a shot!