Intuit Launches New iPhone Credit Card Processing Application

Intuit and Mophie have partnered together to launch a new iPhone-based credit card processing system that will enable small businesses to accept payments on the move. The new solution comes in the form of a Mophie case that is built with a credit card reader. The reader is integrated with Intuit’s GoPayment app available for […]

Intuit and Mophie have partnered together to launch a new iPhone-based credit card processing system that will enable small businesses to accept payments on the move. The new solution comes in the form of a Mophie case that is built with a credit card reader. The reader is integrated with Intuit’s GoPayment app available for free on the App Store.

According to an announcement, the system is extremely easy to set up and to get started, customers must swipe the credit card over the credit card reader. They must further authorize the payment by signing over the iPhone which will released the payment from the customer to the seller’s bank account and an invoice will be released within a few minutes.

The system, known as Complete Credit Card Solution is now available in Apple Stores at a price of $179.95 and is compatible with iPhone 3G and 3GS. Additionally, the GoPayment app will require a $12.95 monthly fee with 1.7-3.7% discount. This is on top of the $0.30-$0.34 transaction fee.