Verizon Offering Intuit's GoPayment to Smartphones

Verizon Wireless today announced that it has partnered with Intuit in order to provide Intuit's GoPayment app and pocket-sized credit card reader to Verizon's customers. The GoPayment device is a credit card reader that plugs into the audio jack of a smartphone or tablet. It can then be used, in conjunction with the application, to process credit card payments directly from the phone. The product is aimed at small businesses and competes with Square. The GoPayment reader costs $29.97, but is free after rebates. Service plans for processing payments vary, but require the smartphone to have a voice/data plan.

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