View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
August 14, 2014

Amazon enters mobile payments against Square and PayPal

Ecommerce giant has better transaction rates than its rivals.

By Jimmy Nicholls

Amazon has launched a credit card reader and mobile app called Local Register, in a major entry to mobile payments.

Businesses can buy the card reader for $10, later reimbursed through product fees, and download the mobile app for free on Apple iOS 7 devices, select Android phones and Kindle Fire tablets.

Matt Swann, VP of Amazon Local Commerce, said: "We understand that every penny and every minute counts, so we want to make accepting payments so easy and inexpensive that it no longer gets in the way of a business owner doing what they love – serving their customers and growing their business."

Users of the card reader will be subject to flat rates, with those who register before October 31 offered 1.75% per card swipe until 2016, and later customers paying 2.5%.

Both these prices are lower than the rates of competitors Square and PayPal, who charge 2.75% and 2.7% respectively.

All major credit and debit cards are compatible with the reader, and the app will allow businesses to check sales trends and company performance from phones or tablets.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Free customer service is offered to all businesses who sign up, with Kindle Fire HDX owners given year round support for 24 hours a day via the firm’s "Mayday" button.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.