26 March 2010

6 Features of PAYware Mobile and How It Works

PAYware Mobile allows you the convenience of accepting credit card payments anywhere.  It has these basic features: primary requisite; its benefits; payment types it supports; security of the payment application; accessibility of transaction record; availability of a contract; inclusion of a tip along with a sale; and, structure of rates. The software application works by handling communication between the payment gateway and the device that you have.

PAYware Mobile is a comprehensive payment solution which is compatible with an Apple iPhone. It is designed to provide a secured card processing ability for small business entities. Here are several features of a PAYware Mobile:

Primary requisite

Before you can start receiving payments through your PAYware Mobile, you need to have an Apple iPhone 3G or a 3GS. Along with that, you also need a merchant account.

Its benefits

It enables you to accept credit card payments securely anytime and anywhere using your iPhone.

Payment types it supports

This application is capable of supporting check card and credit card transactions.

Security of the payment application

This application is secure because it has been tested and validated by a third-party. It strictly follows the guidelines and regulations as set by the PCI SSC.  Using a credit card encryption sleeve, every customer data is being protected as soon as the card is being swiped.

Accessibility of transaction record

PAYware Mobile does not include a printer for the receipts. But, one can easily setup a customized receipt that one can email to customers. A transaction record is made accessible in the application and PAYware portal, which can be easily reprinted. In fact a history of transactions can be also viewed.

Availability of a contract

Contract options and pricing schemes are available to suit your needs.

Inclusion of a tip along with a sale

Adding a tip with a sale is possible too. You can either enter the tip amount or simply let the application do the computation of the tip by basing it on a percentage of the sale that was made.

Structure of rates

The structure of fees vary However, you can expect that a processing will entail a fee  for the discount rate. A discount rate is percentage of a transaction amount that will be billed to your for every transaction you processed. Rates would differ basing on the risk criteria that is normally classified into qualified, mid-qualified and non-qualified. Rates also vary depending on the business type. To be able to minimize the possible fees, it is advisable to make sure that the you are able to swipe the card of the customer to your mobile reader. Moreover, you should make sure that all important data are being included in processing a transaction.

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