Another trick for turning your tablet into an EFTPOS terminal

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Another trick for turning your tablet into an EFTPOS terminal

Rewardle merchants will be able to offer their customers a full range of payment options including contactless, chip and PIN, and - mainly for overseas visitors - swipe.

Mobile payments operator Mint and loyalty service provider Rewardle are joining forces to allow stores, cafes and other businesses to add EFTPOS capability to the tablets that Rewardle supplies to participating merchants.

There was no indication of how long the project will take, but the integration will mean Rewardle merchants will be able to offer their customers a full range of payment options including contactless, chip and PIN, and - mainly for overseas visitors - swipe.

This will be achieved in part through the addition of Mint's compact wireless card reader.

The combined system will be jointly marketed by the two companies.

As it's early days, the companies aren't saying how much this will cost businesses, only that Mint is "cost competitive" and that they will share the revenue.

Mint's direct prices are $29.95 per month plus 1.75% transaction fees and 28c EFTPOS fees. The monthly payment covers the card reader and the merchant facility, but certain other fees may apply.

According to Mint CEO Alex Teoh, more than 50% of the $40 billion a year spent in cafes and restaurants is in the form of card payments.

Rewardle, which has nearly 4,000 users, recently announced plans to deepen its collaboration with POS supplier Kounta.

Mint has an existing relationship with MYOB.

Copyright © CRN Australia. All rights reserved.
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