The largest player in the market of e-commerce Amazon released its own mobile terminal for accepting credit cards using mobile devices on iOS and Android. Thus, the payment services Square, PayPal and iZettle got a new serious competitor.
Compact electronic device costing $ 10 works on the principle similar mobile POS-terminals.Users can download the application in the online catalogs App Store, Google Play or Amazon App Store and connect the terminal to the mobile device. These services also provide Square and PayPal.
Funds received in carrying out transactions, can be translated into the user's bank account within one working day, or it can be purchased at their products on the website.
Amazon said that those users who subscribe to the service until October 31, will be able to receive payments for a low commission - 1.75% until January 1, 2016 In this case, from January 2, 2016 Amazon will increase the service fee of up to 2.5% . For comparison, in the Commission Square is 2.75%, and PayPal - 2,7%.