#gopayment

[thedigitalbridges]

Intuit GoPayment is arguably the most suitable mobile point-of-sale software for those who use QuickBooks. #Mobile

[mobilemojitos]

Beam me up Scotty! PayPal was originally for Palm

Day 2 of CTOF begins with Scott Cook and he gave this example in his "Speed Stories" keynote:  PayPal's business plan was solely for using infrared (IR) technology to beam money between PDAs.  It flopped.

Then a woman contacted them and said she wanted to use PayPal on her eBay page as a way to accept payment.  That must have been a direct call from God, throwing PayPal a lifeline!  The team debated allowing it because it was not part of their focused plan.  Now PayPal is owned by eBay and a huge business...they now do 15% of all online e-commerce payments!  See Scott in the video at around 19 minutes into it. Funny thing is, we have come 180 degrees and now people want to transfer money on their mobile phones.  Hence GoPayment.

[mobilemojitos]

Congrats GoPayment team - there at birth (of the Pre)

GoPayment was one of the 30 apps in the Pre's App Store on day 1 of the Pre launch.  It will work from any phone that has a web browser too.  If you don't know what GoPayment is, check out this short demo video:

That bluetooth swiper is sweet too.

[mobilemojitos]

GoPayment does it again - 1st Pre, now iPhone app

As reported in an earlier post, the GoPayment app was there at birth of the Palm Pre.  Now its made its way onto the iPhone app store.  Nice work IMS GoPayment team!  You can download the app for your iPhone or read more on SNAP. Sounds like its not as easy as the Pre app though--you must hand-key in everything (amount, payer's card #, expiration date, security code, billing ZIP) until Apple relinquishes their stranglehold on the bluetooth support--the card swiper (shown below) that works on other phones will not work on the iPhone app...yet.

Interestingly, someone has figured out a way to bypass bluetooth and implement a unique credit card reader that plugs into the iPhone's headphone jack!  What'll they think of next?

[mobilemojitos]

Twitter Creator now SquaredUp for mobile payments

Mashable has figured out that codename "Squirrel" is SquareUp.com, the new pet project of Twitter's creator: Jack Dorsey.  Payment systems come and go, but this one may have staying power (if it weren't for that additional hardware required).  Well they do have a great name--lets "square up this bill."  The 'Mojito first came across this when reporting on GoPayment but we had no idea this had twitter-geniousness behind it.

[mobilemojitos]

Intuit Chief Architect tells TechCrunch 'Why Mobile Matters'

Devin Breise, Chief Architect, sat down with TechCrunchTV and talked about Intuit's transformation from shrink-wrapped software to SaaS and mobile, DealHood, Mint's Real World Price Compare, and the new Complete Credit Card Solution (iPhone Mophie add-on reported in SNAP) available in Apple Retail Stores. Nice work Devin! source: http://www.techcrunch.tv/whats-hot/watch?id=dmeTVwMTpf-jUHoaCiBPyO3JtnQsEo8t

[streetfoodfiles]

I'm often smiling at a newly discovered food truck's ingenuity, which is why I've decided to recognize these bits of business-savvy whimsy in a series of semi-regular blog posts titled, "Fancy Food Truck Tricks." 

[garlandchan]

Intuit's Mobile Payments App, GoPayment is cheaper than Square if you're serious about payments

Another company entering the mobile payments arena is Intuit. Upon first glance you'll see that GoPayment is actually 0.05% cheaper than Square. What you don't see until you look closer is that 2.7% swipe rate is for "qualified swipe" transactions only, meaning only the most basic, non-cashback, non-rewards credit card will get you that 2.7% rate. If you're accepting a Visa Signature card, you'll most likely be paying at least 3.56%. If you're a tiny business, processing less than $1295 a month, you're better off with Square. Square claims they charge one simple rate, they don't advertise a "qualified" rate, just what they're calling transparent pricing. However if you're processing over $1295 a month, GoPayments' "Pay Monthly & Save" plan is the way to go. They charge a $12.95 monthly charge, but they give you a 1% cheaper rate. Your "qualified swipe" rate is 1.7% and even considering the extra 0.86% to except a Visa Signature card, you're still at 2.56%.

Bottom Line: If you're a business processing over $1295 a month in credit cards, go with Intuit's GoPayment, it'll be the cheapest way to accept mobile payments. Otherwise go with Square if you process less than $1295.