Geek News: Latest Technology, Product Reviews, Gadgets and Tech Podcast News for Geeks

Payleven Mobile Payments at The Gadget Show

Posted by Andrew at 4:39 PM on April 27, 2014

Payleven Chip and PINOne of the common problems facing start-ups and small businesses are the costs associated with taking credit card payments. The transaction costs can be high for small turnovers and point-of-sale machines are expensive with a monthly rental fee. To counter this problem, Payleven offers a low-cost mobile payment solution for European businesses using a Chip’n’PIN card reader that uses Bluetooth to communicate with both Apple, Android and Amazon smartphones and tablets. The Chip’n’PIN unit costs only GB£60 (ex-VAT) with a transaction charge of 2.75%. Payleven have partnered with GoTab to offer a complete solution for around £250 including a tablet and the card reader.

The approach is similar to US-based Square, but as Chip’n’PIN is only beginning to be required across the pond, Square’s reader unit is a simpler card-swipe device that plugs straight into the smartphone. Having a full Chip’n’PIN card reader in Europe is a necessity but the independent unit makes the transaction look much more professional anyway.

Simon from Payleven tells me about their solution and takes me through some of the features.

Comments are closed.