Intuit partners with Verizon Wireless GoPayment Sell square competitor in retail stores

Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead Congresswoman Carloyn Maloney advocacy and community relations in New York. She graduated from Columbia University in 2003, where it was ... ? Read More

Inuit GoPayment reader, which competes directly with the square, has made a significant step in the mobile payments space today, in partnership with Verizon Wireless to sell its credit card readers in Verizon Wireless, 2300 retail shops and business-to-business sales channels.

Launched two years ago, GoPayment offers complimentary app and credit card reader allow small businesses to carry out payments via their smartphones. GoPayment is available to OIOS, Android and Blackberry phones and card reader simply connects to the audio jack on your phone or tablet. Credit card data is encrypted (and is never stored on the phone).

Now GoPayment will be offered at retail outlets and online Verizon Wireless for $ 29.97, but you can get a free reader activation with GoPayment account and mail-in rebate on the purchase price. By analogy with GoPayment square mobile payment app is free and basic service has no monthly transaction or cancellation fees and offers a 2.7% rate for swiped transactions. Intuit intuitively and area actually both eliminate the transaction fee.

While the area ' the reader for free for a little while now, it was only last year that Intuit shift its model to offer his GoPayment card reader for free. The paid version of GoPayment is also available for more intensive use of enterprises for 12.95 value per month and includes swiped transactions amounted to 1.7%. Partnership with Intuit offers Verizon Wireless customers two months of free service when they choose this monthly paid plan.

Verizon, said that customers who buy a Smartphone to use GoPayment, you should subscribe to Verizon Wireless nationwide talk plan starting at $ 39.99 monthly access. Tablet and Smartphone users need the data package, starting at $ 30 per month for 2 GB of data.

Chris Hylen, General Manager of Intuit payment solutions division, partnership frameworks around attracting small businesses who use Verizon Wireless Smartphones or tablets. And go to the Verizon makes sense considering carrier features of the iPhone, Android phones and blackberries. It is also important to note that this is the second retail availability of GoPayment is Intuit reader is available at Apple's retail site (as the Piazza and VeriFone). On the basis of comaprison square in the device is sold in the Apple store for $ 9.95, but users will get $ 10 square credit when they register for an account.

Hylen explains: "rather than lose the potential business, anyone who sells a product or service, you can now easily and affordably provide customers the option to pay with plastic ...GoPayment met a great need and is one of the fastest growing mobile payment solutions on the market. With Verizon Wireless to help discover that they too can process credit card payments on phones or tablets, which they already have even more people. "

Of course trust the carrier, as popular as Verizon necessarily help GoPayment remained competitive with square, which had recently taken investment from Visa, as well as the VeriFone and other smaller players like Erply.

Hylen tells us that there are a number of reasons to choose GoPayment over competitors, including Intuit ' trusted brand "kompanii"fokus at consumers ' 24-hour customer service support, security and most importantly integration with Intuit, extremely popular Quickbooks accounting software. You can also synchronize your GoPayment transactions with the latest versions of QuickBooks. GoPayment also supports up to 50 users per account, which is perfect for businesses with multiple employees who work in the field.

GoPayment is one of the fastest growing enterprises Intuit and Hylen said that the service is on the way to handle more than $ 1 billion in transactions for the year. Intuit has declined to reveal how many businesses use GoPayment but said that customers had increased eight times since January.

Intuit, said that he would consider similar partnerships in the future. I will say that the entire rebate trap drop me a little, and bearing in mind the many forget to send in their discounts, square, adopted with their Apple credit transaction option seems better suited for the consumer. But there is no doubt that the endorsement from the carrier win for Intuit GoPayment and should help to increase the use of.

Intuit Inc. is a leading provider of business and financial management solutions for small and medium-sized businesses; financial institutions, including banks and credit unions; consumer and professional accountants. Its ...

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