New Products make Affordable Payment Offerings for Mobile Merchant
Memphis, TN June 17, 2011 -- iPhoneSwiper, iPhone credit card terminal provider, announced today the launch of 3 new iPhone credit card swipe products, the iPhoneSwiper2, the SwiperCradle and the SwiperClip to add to their current iPhoneSwiper product lines. All new products are now compatible with iTouch, iPhone 3G, iPhone 3GS, and iPhone 4.
The iPhoneSwiper2 has the same specs as the original iPhoneSwipe device, bringing the same capability and ease to processing credit cards on the iPhone 4. The SwiperCradel allows the mobile device to become an iPhone credit card reader by docking the iPhone on to the cradle. The SwiperClip clips onto the iPhone, iTouch or iPad, and the convenient size is easy to carry.
Credit card processing is an integral component of most businesses these days. In order for the merchant to maximize revenues, it is critical to keep the rates down. The rates are determined based on the amount of risk, and the merchant’s ability to achieve the lowest rates, hinges upon their ability to conduct the least risky transactions. In the past, most mobile merchants had to key enter their credit card processing transactions. The credit card processing companies assume the card was “not present” and see the transaction as bearing a higher risk due to the fact that the card information could be, stolen or fraudulent. iPhoneSwiper allows the card to be swiped, and reads level 1 and level 2 card data which is encrypted at the time of swipe and sent over a secure network to the payment gateway for processing. Now mobile merchants can get qualified “retail” rate by swiping credit cards during a transaction. The iPhoneSwiper is the solution that can save money with every swipe.
