As of 10th July, the company will offer the Chip & PIN card reader to all Austrian retailers and merchants. The payleven solution is targeted towards small and medium sized enterprises, who want a way to accept card payments. It is easy, economical, mobile and most importantly, secure. With payleven, not only merchants, but also private individuals can accept card payments.

The "plug and pay" concept works without a contract, fixed fee or complicated registration process. This gives merchants, who have previously been denied the possibility to accept card payments due to high overhead costs, the possibility to accept card payments. Once the card reader has been purchased, merchants will only be charged 2.75% per transaction.

"payleven is a payment solution, which offers an added value to small and medium sized enterprises from many industries," says Alston Zecha, COO and co-founder of payleven. "Customers who ask to pay by card no longer need to be turned away. This will raise the sales figure significantly- especially for small sized merchants."

"Trade shows are an important part of my business," says Silvia Gattin, a fashion entrepreneur based in Vienna. "In order to offer customers card payments, I need a solution which is modern, safe, easy to use, and doesn't tie me into a contract. This is why I chose payleven. My customers love it!"

In Austria, there has been a noticeable increase in card ownership. Since 2005, the distribution of debit cards alone has increased by more than 25% and it is suggested that a further 86% of the population now own a debit card. payleven has responded to this trend by making card payments accessible for small businesses.

The device works in conjunction with a Smartphone or tablet so it is ready to use anywhere. There is no need for a stationary internet connection which makes the device truly mobile. Furthermore, because the customer is required to enter their PIN, the payment is secure. The transmission process is similar to the one on a traditional POS- terminal.