Swipe is also a global solution, allowing businesses to accept payments in twelve major currencies.įor Shopify sellers, the new $129 EMV card reader will replace the existing $19 card reader from the company.
The app comes with APIs that can integrate with a business’s inventory and customer service software solutions to make it easy to track purchases. This is likely designed to scare away some of the hobbyists who order the device and rarely use it.Īn in-between reader at $99, Swipe’s EMV-enabled mobile reader accepts both chip- and stripe-based cards in one pocket-sized device.
At $150, the reader is more expensive than competitors, but PayPal promises to offset that with a $100 rebate, payable once a business processes at least $3,000 within three months. However, the cost of the company’s EMV-enabled reader could scare some businesses away. When mobile card readers first became popular, PayPal was one of the most popular payment solutions.
The readers sell exclusively through Apple Stores and Apple’s website, with EMV compatibility not yet available for Android device users. Best of all, the first $5,000 in Apple Pay transactions are fee-free and the device is available immediately. Costing only $39.95, the reader processes stripe, EMV, contactless, and Apple Pay transactions through the same device. The Square solution is slightly more expensive than Intuit’s at $49, but it works with smartphones, tablets, and the Square Stand complete POS solution.įor iOS device owners, the PayAnywhere card reader may be all that’s ever needed to process cards.
The solution also comes with a classic magnetic stripe reader to let businesses accommodate those customers who don’t have chip-enabled cards yet. The Square contactless and chip reader lets customers use contactless technologies such as Apple Pay to accept payments in the meantime. So businesses can continue to use their current mobile processing method without worrying about liability until their reader arrives. Although the reader isn’t yet ready to ship, Intuit assures customers that it will accept liability for any fraud that occurs during the transition period. One of the most affordable EMV readers comes from Intuit QuickBooks, which currently charges only $30 if you pre-order its EMV-compatible card reader. Here are a few mobile card readers that can help. Since they’re now liable for any fraudulent transactions that occur when they swipe, those businesses need a way to switch to EMV without giving up mobility. Whether they’re selling items at events or equipping employees to handle customer transactions on the sales floor, most of these businesses now find themselves holding mobile credit card readers made from the old technology. The new technology has brought challenges for entrepreneurs who process payments on the road. businesses have been slow to make the switch. These systems are slightly more secure than traditional payment processing, although U.S. New card readers are designed to get the information they need off of a chip embedded in a credit card, rather than a magnetic strip on the back. Instead of swiping a magnetic strip through card readers, shoppers in businesses across America now “dip” their cards. Hitting the Road? 6 EMV-Compliant Readers That Work with Your Mobile DevicesĪ major change happened in credit card processing late last year.