Sage Payment Solutions Inc. launched a mobile service yesterday that provides small and midsize merchants lacking storefronts a low-cost option to accept credit and debit cards, according to a company announcement.
Using their smart phone, merchants either may key in transactions using their phone’s keypad or an attachable card reader device that works with Research In Motion Ltd.’s BlackBerry and Apple Inc.’s iPhones and iPads. The optional card reader cost may range from free to $50, depending on the merchant potential.
Sage’s mobile-payment service costs merchants a set-up fee of $50. Merchants also pay $10.95 per month with no other incremental mobile-processing or transaction fees. Interchange fees are additional.