Intuit and mophie team on iPhone credit card reader offering

Source: Intuit

Accepting credit card payments just got easier and faster for small businesses that use an iPhone 4.

The all-in-one credit card reader and processing solution from Intuit Inc. (NASDAQ:INTU ) and mophie is now available for small businesses that use an iPhone 4. The solution combines two best-in-breed mobile payment offerings - Intuit's GoPayment app and merchant account and mophie's credit card reader. The combined package gives small businesses everything they need to get paid fast on the latest iPhone with no arbitrary transaction limits that delay them from getting their money.

GoPayment has been helping small businesses get paid quickly for nearly two years and was one of the first mobile payment services on the market. Since then, it has processed more than $70 million in transaction volume and continues to be a leader in the mobile payments space in both growth and innovation.

With GoPayment and the mophie credit card reader, payments are processed just seconds after a business owner swipes a credit card through the form-fitting mophie card reader. To get up and running quickly, there is a quick-to-activate merchant account that lets business owners start processing credit cards in as few as 15 minutes. GoPayment also provides 24 x 7 live customer support for help if needed.

"GoPayment and the mophie card reader are together one more weapon in my arsenal - and that is big for my tiny business," said Andrew Huff, owner of LuLu Redstar, a jewelry design business in Milton, Ga. "The all-in-one solution helps me be more competitive and not miss out on potential sales.

"I was at an antique show recently and a customer gave me his Amex card to buy a piece of jewelry. Thankfully I didn't have to tell him to go to the ATM like I used to. When I swiped his card, the payment went through immediately. There's a lot of competition at these shows, and giving people the option to pay by credit card really helps."

GoPayment: Offers the Features Small Businesses Need Most

GoPayment offers the features that small businesses want in a mobile payment app. These features let them create and sell from a list of frequently sold items, apply sales tax, and send customized receipts via text and e-mail with a map of where the transaction occurred.

GoPayment is also compatible with QuickBooks® -- both PC and Mac versions -- to help the more than four million small businesses that use QuickBooks save time by keeping their financial files up to date.

The solution protects customer data throughout the payment process. Sensitive credit card data is never stored on the phone. In addition, card data is double encrypted - once via the mophie marketplace card reader and a second time via the GoPayment app.

mophie marketplace: Design-focused Hardware Innovation

mophie is well-known for its award-winning design and innovation of iPhone accessories, such as the juice pack line of rechargeable external battery cases, which have virtually doubled the battery life of more than one million iPhones. mophie's marketplace is the only design-focused hardware innovation that adds layers of intelligence to enable payments on the go. The form-fitting, lightweight design is paired with instant card-encryption capabilities, ensuring that all data is secure the moment the card is swiped. In addition, the marketplace protects iPhones from bumps and scratches.

Pricing and Availability

GoPayment and the mophie credit card reader are now available for the iPhone 4 for $179.95 on GoPayment.com, mophie.com, Amazon.com and ATT.com. The mophie card reader works exclusively with the GoPayment App, which is available for free from the App Store at: itunes.apple.com/us/app/intuit-gopayment/id324389392?mt=8.

GoPayment, including the Intuit merchant account, offers competitive pricing at $12.95 a month, a 30-cent per transaction fees and the following discount rates:

* 1.7 percent for card swiped.
* 2.7 percent for key entered.
* 3.7 percent for non-qualified transactions, such as corporate cards.

There are no long-term contracts, cancellation, gateway or set-up fees, and one account can enable up to 50 users.

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