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Monday, July 2, 2012

mPowa mobile payment service goes live for Apple iOS devices

The mPowa mobile payment service, which was announced earlier this year, is now available on Apple iPhone and iPad devices. Individuals and organisations that want to take credit and debit card payments can download the app and register their details to receive a plug-in card reader.

There’s no cost for the app or for the reader. However, unlike some competing services, users require a merchant account with a bank. Customers with a merchant account will just pay mPowa a 0.25% transaction fee on each payment; those without a merchant account can arrange one via mPowa, paying 2.95% per transaction plus a 25p charge.

Card payments are processed using the magnetic stripe, meeting the PCI Level 1 security standard, with a ‘Chip & PIN’ device planned for later this year.

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Author: The Fonecast
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Categories: Applications, NewsNumber of views: 898

Tags: ukapplepaymentsiosmpowa

1 comments on article "mPowa mobile payment service goes live for Apple iOS devices"

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R Campbell

7/4/2012 3:49 AM

At last, mPowa is live! This is a splendid solution for small business and one man bands especially in the UK. Many people just don't carry cash anymore these days making life very difficult for small businesses that don't take credit/debit cards. This is a great article but if you want to know more about mPowa go to http://www.mpowa.com/

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