MYOB mobile payments getting closer

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MYOB mobile payments getting closer

If you like the idea if being able to turn your iPhone or Android phone into a credit card terminal, click here to find out more.

You can now register for MYOB PayDirect - an app that turns your iOS or Android smartphone or tablet into a mobile merchant terminal.
The app is scheduled for an initial limited release on 31 March, and businesses are invited to register their interest via MYOB's web site.
Minimum requirements are iOS 6.0 or higher and Android 4.0 or higher, so owners of most fairly recent medium to high-end phones using these operating systems should be fine. There's no indication whether Windows Phone or BlackBerry apps will be offered.
The basic daily transaction limit will be $2500, which is enough for many types of business. It could be an issue in some circumstances (for example tradespeople who carry out larger projects such as kitchen or bathroom renovations, or traders at antiques or collectables fairs), in which case applications for increased limits will be entertained.
MYOB says PayDirect works with 'swipe and sign' and 'chip and sign' cards, though keep in mind Australian credit card companies are mandating the use of PINs from 1 August. 

We asked MYOB about its plans for accommodating this change. We were told MYOB will "provide concessions for clients who need to upgrade their hardware as the regulatory environment evolves" when it releases a new reader in the coming months.

PayDirect will initially feature integration with MYOB AccountRight Live for invoicing, payments and contacts. MYOB has also announced that an unspecified degree of integration with MYOB Essentials - which is more suitable for many smaller businesses - will be provided before the end of 2014.
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