Mobile Credit Card Payments Overview
Payleven is a Mobile credit card processing solution that uses Bluetooth technology to connect a credit card reader device wirelessly to your smartphone. It then uses Near Field Technology (NFC) to act as a contactless card reader, or you can use standard chip and pin to process transactions.
There is no need for an Internet Merchant Account to be able to process transactions as Payleven is a Payment Gateway. Your transaction fees are paid to Payleven, and you only pay for every completed transaction.
Mobile credit card readers are a brilliant way for small businesses to get paid immediately for work that they might otherwise have to invoice for. Locksmiths, dog groomers, even window cleaners and mobile car washers can use this technology to get paid where the old excuse of "I've got no cash on me" was typically used.
That excuse has become more and more prevalent with the rise of flexible spending and with fewer and fewer people using real money these days investing in this type of technology is a no-brainer.
All of the smart work goes into the mobile application which is the brains of the product. You can have many card readers linked to one Payleven account which is useful if you have staff that work in different locations and you can also download the App onto many different devices which are useful in say a restaurant or small cafe situation where the primary device reader can be shared.
It could also be used as a backup to your main card processing unit so that when the queues start to form you could bring out the "Q-Buster" to limit the waiting time. The possibilities for making the customer journey a more satisfying one just got even better.
Types Of Card Reader
The Payleven "Classic" is a lightweight reader which you merely proffer up to the customer either in your hands or on a flat surface. There is the option to get an additional cradle which supports the device and looks more professional - the "Plus" version accepts contactless payments.
There is no fixed transaction fee, so you simply pay for the amount you use your account. The more you use it, the lower the fee.
Once the transaction is complete, the money is transferred to your account within 4-7 days minus the transaction fee.
Update: 22/04/2016: Payleven targets developer community with new SDK.
Today, Payleven, the leading mobile payment company for small and medium-sized businesses, launches a suite of developer products for mobile payment integration on iOS and Android; Payleven for Developers.