Samsung Galaxy Note & Intuit GoPayment Bring Mobile Payments Everywhere

Mobile payments are about to be everywhere, and small business owners should do their research now about how best to incorporate this new technology into their business practices.Galaxy Note with Intuit GoPayment

AT&T is now targeting small businesses with a combined solution in the Intuit GoPayment Card Reader plus Samsung Galaxy Note running on 4G LTE. The  GoPayment reader comes with the Samsung device to swipe cards anywhere, anytime.

Intuit, Inc. is also the parent company of QuickBooks, so it’s easy to integrate your “everywhere” sales with one merchant account and all your standard business record keeping. And you may actually pay less for the privilege of accepting credit cards than you would with a traditional merchant services provider.

With the GoPayment reader there’s no set-up fee, no monthly charge minimum, and no transaction fee.  In the pay-per-transaction model swipes cost only 2.7% and manual transactions cost 3.7%. Businesses that anticipate more than $130 of swipes per month should go with the subscription plan, which charges $12.95 a month, but charges 1% less per transaction (1.7% per swiped transaction and 2.7% for manual entries).

AT&T Premier customers can get the whole (4G LTE!) package for a discount through their website. (Full disclosure: AT&T helps sponsor SmallBizGoMobile.) Previous SmallBizGoMobile coverage of Intuit’s GoPayment and its integration with QuickBooks POS can be found here.

Competition in Mobile Credit Card Processing Helps the Business Owner

In a move that seems designed to take some of the wind out of Square’s sails (who just this week received an investment from Visa), Intuit’s GoPayment mobile credit card swiping service is dropping their per transaction fees.  The clear winner here is neither Square or Intuit, though, but the business owners and entrepreneurs who are using these devices.  Fees don’t affect consumers, but they do directly impact bottom lines.