Sage Launches Mobile Payment System
In the US Sage Payment Solutions has launched a new mobile payment system for small and medium-sized retailers. Sage Mobile Payments comes bundled with a Sage merchant account to allow businesses to expand their payment options by accepting credit and debit cards on 400+ types of mobile phones and computing devices, across all major wireless carriers. Sage Payment Solutions is available for a monthly fee and no incremental mobile processing or transaction fees.
“Competing mobile payment solutions can add 1% plus upwards of 37 cents to the processing fees,” said Greg Hammermaster, president of Sage Payment Solutions. “That can easily turn into well over $130 in extra fees for every $10,000 in credit card volume. While this pricing is good for individuals that don’t process a lot of credit card transactions, it can be quite costly for businesses using their mobile device to process credit cards on a regular basis.”
Sage Mobile Payments is available with an optional card reader, with end-to-end encryption from the card reader device to the application. All customer data flowing through Sage Mobile Payments is encrypted before it leaves a customer’s cell phone; no personal data is retained on the phone or mobile computing device.
Sage Mobile Payments works with Apple’s iPhone and iPad, Motorola’s Droid phones, and Research in Motion’s BlackBerry, plus hundreds of other mobile devices. (Tire Review)