Vancouver, Canada-based Payfirma launched an iPhone-based service quite similar to U.S.-based Square. allowing Canadian merchants to process major credit payments to be manually, by entering card information on the iPhone, or using an optional card reader.Transactions are conducted in real-time through Payfirma’s secure gateway, and no information is stored within the app or the card reader. Read more..
There’s an option for auto-calculation of tips, pre-authorized payments, and even refunds. Customers can then sign right on the screen, and receipts emailed instantly showing transaction details and the signature.
Payfirma's revenue model is transaction fees, set at 1.99 percent of the value of the sale, plus 25 cents per transaction. The credit card reader costs $99, but is free to accounts billing $500,000 or more. Read more..
Payfirma's revenue model is transaction fees, set at 1.99 percent of the value of the sale, plus 25 cents per transaction. The credit card reader costs $99, but is free to accounts billing $500,000 or more. Read more..
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