Verizon is now selling Intuit's GoPayment credit card reader for free at its retail stores.
Thanks to a new partnership between Verizon Wireless and Intuit, business customers can get the mobile card reader for free after a $30 rebate and the activation of a GoPayment account. The card reader and its app can be found at all of Verizon's retail stores and as well as its business-to-business outlets.
Intuit's GoPayment system is geared toward small and midsize businesses that need to process credit cards on the go. The reader itself plugs into a smartphone or tablet. After customers swipe their credit or debit card through the reader, the payment is processed automatically and the funds sent to the merchant's bank account within a few days.
Both the app and the basic, or low-volume plan, are free. Intuit charges a rate of 2.7 percent for each swiped card transaction. Keying in a card manually kicks in a higher fee of 3.7 percent.
A high-volume plan carries a price tag of $12.95 per month with a rate of 1.7 percent for each swiped transaction. But Intuit is currently offering Verizon customers two months free if they opt for the high-volume plan.
Business owners who use a smartphone with the GoPayment reader need to subscribe to Verizon's Wireless Nationwide Talk plan starting at $39.99 a month. Tablet and smartphone users must also pony up for the standard data plan, which starts at $30 a month for 2 gigabytes of data.
GoPayment is currently compatible with Apple iOS, Android, and BlackBerry devices.
Debuting in 2009, Square, another mobile-payment app and card reader. , Square recently said that it's now . Square , both online and at retail outlets.has been squaring off against
To lure in more business customers, Intuit had also.
Correction, 9:05 a.m. PT: This story initially misstated the rate charged for keying in a card manually on the basic plan. It is 3.7 percent.