[Macworld]

Post your comments for Mobile credit card readers grow, with iOS as foundation here

[offcs]

None of these solutions support chip and pin, which is normal in Europe. Are there any mobile solutions that support it?

[PRORAIN]

This sounds brilliant, a way for the future of business, truly interesting and all but if it becomes the only way to buy products - i see a disadvantage, this may be only in Australia but i don't have a credit card, no one in my family does and many young people i know use bank cards only, not even carrying cash with them. How would this work with this new, albeit brilliant, system? It seems confusing to me and something that jumped to mind when reading the article. Offcs: from spending time in Europe, i know what you mean. Many questions to be answered on this subject but interesting to see how it develops.

Rain.

[Nanosound]

Will these solutions play well with (legacy) barcodes?

[peterworsley]

As a fine artist painter, handling sales out of my studio or home was a major problem until Square came along!

[windlasher]

offcs, on 21 March 2012 - 12:31 PM, said:

None of these solutions support chip and pin, which is normal in Europe. Are there any mobile solutions that support it?

The Paypal APP/READER is supposed to when it is available, as well as paper checks.... er excuse me cheques... :-)

[windlasher]

Correction:

From what I understand Paypal is going to charge only 1.75% NOT 2.75% and still enable you earn 1% back.

In addition the funds will be deposited into your paypal account immediately which you can withdraw immediately. This will be nice for vendors who need to resupply on the fly as inventory goes down.

[MmnW]

offcs, on 21 March 2012 - 12:31 PM, said:

None of these solutions support chip and pin, which is normal in Europe. Are there any mobile solutions that support it?

I concur. This solutions are all "US"-Only. Most of the world uses chip-Systems and debit-cards. Actually, when I recently renewed my credit card, my european bank issued me one without a magnetic stripe. I had to specifically request one for my travels to the US, for an additional fee. The bank clerk told me, that this is because of widespread fraud with magnetic stripes.

So, my first thought, when I saw how many payment providers there are and how easy it is to set it up, this is perfect for fraud! Acquire stripe data of a number of cards, register a bogus account, swipe your doublets and cash in. I'd be interested how those payment providers handle credit card fraud. It's not only an issue for those who get their cards stolen, but also for small businesses who accept a fraudulent card.

[redgeminipa]

MmnW, on 21 March 2012 - 11:42 PM, said:

offcs, on 21 March 2012 - 12:31 PM, said:

None of these solutions support chip and pin, which is normal in Europe. Are there any mobile solutions that support it?

I concur. This solutions are all "US"-Only. Most of the world uses chip-Systems and debit-cards. Actually, when I recently renewed my credit card, my european bank issued me one without a magnetic stripe. I had to specifically request one for my travels to the US, for an additional fee. The bank clerk told me, that this is because of widespread fraud with magnetic stripes.

So, my first thought, when I saw how many payment providers there are and how easy it is to set it up, this is perfect for fraud! Acquire stripe data of a number of cards, register a bogus account, swipe your doublets and cash in. I'd be interested how those payment providers handle credit card fraud. It's not only an issue for those who get their cards stolen, but also for small businesses who accept a fraudulent card.

I use Square and PayAnywhere. They both require your Social Security number, and you have to wait for "approval" to begin using their systems. Plus, the IRS requires them to report your (credit card) transactions at $20,000 for a calendar year. I'd say the chances of fraud by using these systems would be pretty tough. Since they require Geolocation Tagging that shows up on every transaction, I'm sure it would lead police right to their front door.

[redgeminipa]

Nanosound, on 21 March 2012 - 02:17 PM, said:

Will these solutions play well with (legacy) barcodes?

None of them offer barcode scanning to my knowledge. The use of barcodes would require a full inventory system.

[nmpike]

The problem with Paypal (as anyone will know who has used them in a merchant processing capacity), is that when one of your customers does a chargeback, paypal DOES NOT fight it.

doesn't matter what emails you have, doesnt even matter if you have a phone call recording of the person saying they loved the product... if they charge it back through their bank, paypal takes it from you.

Paypal is NOT a wise choice...

[PerOlofSjoberg]

There is a solution that supports chip and signature, izettle.com. Soon to be launched in some european countries. Available in Sweden since 2011.

[EmDrei]

You missed one Point of Sale and Inventory Management (POS/IM) application that has been running on Macintosh, iPhone, and iPad platforms long before any one else:
"LightSpeed"
http://www.lightspeedretail.com/
It allows the use of the Linea-Pro credit card scanner on an iPod Touch or iPhone and actual customer signature right on the screen.
We've used LightSpeed since 2007 and really like it. Plus, the company is in Canada, so your support is excellent in both English and French.