Mobile Phone Credit Card Processing Solution

A cheap and simple solution for credit card processing specially for small business owners: Mophie and Intuit's Complete Credit Card Solution which lets you accept payments and process credit cards on iPhone 3G or 3GS. It consists of Mophie’s iPhone case with a credit card reader at the bottom, and Intuit’s GoPayment app, which takes care of the software side. It also integrates with Intuit’s QuickBooks software, which lets you track invoices and payments.

How it works
  • You apply for a Intuit Merchant Account that will let you process credit cards in a matter of minutes.
  • The customers swipe the card through the reader attached to your iPhone, and sign their names on the iPhone touch screen.
  • You then send the customer an e-mail or text receipt. Intuit claims that its software processes the credit card “within seconds,” after which the funds are deposited into the business’s bank account.
Cost
The price of the Complete Credit Card Solution: $179.95 at Apple Retail Stores and soon, claim Intuit and Mophie, on Apple.com. GoPayment, which includes the Intuit merchant account, costs $12.95 per month, with a 1.7 to 3.7% discount rate and $0.30 to $0.34 per transaction fee. One account can enable up to 50 users. Finally, there are no long-term contracts, cancellation, gateway or setup fees.