Amazon’s New Mobile Card Reader Brutally Undercuts Square And PayPal

https://www.youtube.com/watch?v=M6YXllIqD_E

Look who crashed Square ’s payments - on - the - go party . Amazonjust announcedits own credit card lector and app combining call Amazon Local Register , which will enable anyone from your mummy organize a yard sale to taco motortruck use a smartphone or a pill to instantly accept citation lineup payments .

The gadget only costs $ 10 , the app is free and the service undercuts Square and PayPal by provide a insipid charge of 1.75 % per payment until the starting time of 2016 , which is a full percent humbled than the 2.75 and 2.7 percent that Square and PayPal consign respectively . This is only if you sign up betimes , however , because on January 2 , the fee jumps to 2.5 % — still chintzy than the competition . [ Engadget ]