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Topic Title: New-Chip-PIN-device
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Created On: 22 July 2013 08:28 AM
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 22 July 2013 08:28 AM
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jcm256

Posts: 1792
Joined: 01 April 2006

Not a bad idea but is it another way to make easy money from tradesmen.

However, the system is not free to use for traders, who will be charged a fee of 2.75 per cent of the value of the transaction to authorise each payment.

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 22 July 2013 08:40 AM
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ebee

Posts: 5620
Joined: 02 December 2004

Well you could add 2.674 or something to the bill before charging then you end up not out of pocket.

Rather like the £300 warm front grants where the tradesman gets £250 and warm front pocket the £50 as admin fees. So you just add £50 on to job before charging customer

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Ebee (M I S P N)

Knotted cables cause Lumpy Lektrik
 22 July 2013 03:25 PM
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Cremeegg

Posts: 495
Joined: 13 July 2007

Santander have linked up with a similar device called izettle. I've seen several others at various shows but can't remember their names.

The izettle ones I looked at were a similar fee structure but were somewhat restricted on which android phones they would work on - but at least their website gives a list of those that it won't work with - including as it happens my current phone!
 28 July 2013 10:12 PM
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WalkersWiring

Posts: 318
Joined: 18 September 2008

I think these devices are still a bit before their time. In a few years I'm sure they'll be more common, but right now I would not feel happy giving my debit card to a tradesman armed with a fancy gadget plugged into his smartphone, & I am a tradesman. I don't like the charges either. There are more efficient ways of using a smartphone for quick payments, and although it doesn't work out like this every time, just last week the moon must have been in the right position or something, as whilst still on site I completed my invoice using the Invoive2go app on my iPhone & completed a MWC using iCertifi, emailed them both to the client & notified the job online. Checking my bank balance half an hour later using the NatWest mobile app showed that I had been paid & the funds were cleared & ready to go. Doesn't get much more simple really...

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Jerry

The bitterness of poor quality lasts long after the sweetness of a cheap price...
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