Do you remember the days of bulky credit card sliders that stamped paper copies of transactions for vendors and buyers? I hated just writing that cumbersome sentence, on top of using the things. Fortunately, those things are almost completely long gone (at least in North America). We’re moving forward; past even the big, stationary credit cards readers that are bolted onto countertops.
If you are a business owner looking to not have to invest in expensive countertop credit card readers, what PayAnywhere.com offers just might be for you. If you’re seeking a nimble and quick way to process credit and debit cards, you’ll want to take a look at mobile readers and apps that more than one company are making.
With the advent of these light-weight, easy-to-access readers, new companies are popping up that offer hard- and software to making processing customer transactions much easier. Today, we want to break down the soft and hardware that Payanywhere.com delivers.
PayAnywhere.com Credit Card Reader “Executive” Overview
What’s the upside of PayAnywhere credit card readers?
- The hardware and app are free
- Per transaction “swipe” cost start at 2.69%
- No need for installation of hardwired credit card reader “box”
- Easy learning curve
- User friendly
- 24/7 Support
- The reader can take Visa, MasterCard, Discover and American Express
- The reader fits into the headphone jack and is compatible with iPhone, iPad, iPod touch, most Android smartphones or tablets, and BlackBerry smartphones
What’s the downside of PayAnywhere credit card readers?
There’s no start-up fee for the PayAnywhere reader. The hardware and app are free. Although that does assume you have a “smart” device to plug the hardware into and use the application on (such as an iPhone, Android or compatible tablet).
If you’re the sole person processing these payments, and you have a “smart” phone or tablet, then it makes sense that you would be doing it on a device you already own. If employees are taking the transactions, it’s best to buy them a device to do it on. Which means the investment for compatible hardware is going to likely be a few hundred dollars. Fortunately, that abdicates you of responsibility of your employee breaking their own phone on the job, and that tablet or phone can be used for multiple purposes as well.
PayAnywhere’s cost to you is simply charging you per swipe—at 2.69% per.
PayAnywhere.com Credit Card Reader “Extended” Review
So how does PayAnywhere.com stack against the market it’s entering?
You’ll see a helpful pricing table below I pulled from PayAnywhere’s website. It is not listed who they are comparing their pricing against, but I found it to be Square which is a leader in market share. PayAnywhere’s fee per swipe isn’t much lower (2.69% vs. 2.75%), but they beat Square greatly when it comes to significantly higher entrance fees. Square charges to get the hardware compared to PayAnywhere’s free headphone slot plug-in.
PayAnywhere charges 3.49% + plus 19 cents for keyed-in / typed transactions, by-the-way. So, swiping is better!
No sir. There are no monthly fees or minimums. You can expect to receive funds within 2 business days of processing.
PayAnywhere.com doesn’t bury their Support number under layers and layers of knowledge base articles. The number is right there on top of their website. Whereas with other company’s customer service departments, you might have to dig around to find a number or enter a trouble ticket first before you can connect with a homosapien
Viewing transaction details is a piece of cake, such as the sale amount, tax, discount, and even tip. You can also see graphs of your top sales days, produce a variety of custom reports, and set it up to send reports to you via email automatically.
Should you try the PayAnwhere.com reader and app?
Do you own a business? Then absolutely. It’s free, and it’s quality. Why not give it a shot? No one can complain about free, and you might find something that saves you a lot of money while making transactions for you and your customers much more convenient.
If you don’t like them, there’s no cancellation fee. All you have to do is apply at PayAnywhere.com and they’ll mail you the reader for free with no obligation.
Todd is our native gun for hire that curates four websites spanning multiples genres. Check out how he’s helping men become better men at Fearless Men and the insight he has to make your money grow at AllThingsFinance.net.