Magazine article American Banker

Intuit Updates GoPayment Mobile Card Reader in Canada Push

Magazine article American Banker

Intuit Updates GoPayment Mobile Card Reader in Canada Push

Article excerpt

Byline: Jeffrey Green

Intuit Inc. is taking its GoPayment mobile card reader to Canada and is redesigning the product to make it more appealing to use.

The Mountain View, Calif.-based company later this quarter will begin offering GoPayment services to Canadian small businesses and to any seller who wants to accept credit card payments on an Apple Inc. iPhone, iPad or iPod touch device, the company announced Tuesday.

In Canada, GoPayment users will pay an undisclosed fee per transaction. In the U.S., swiped GoPayment transactions incur a charge of 2.7% of the sale with no monthly fee. There is also an option to pay a monthly fee of $12.95, which reduces the swiped-transaction rate to 1.7% of the sale.

Intuit is still exploring whether to include a monthly-payment option with a lower rate in Canada, says Trevor Dryer, Intuit's head of product management for mobile payments and point of sale. …

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