Tap-and-go finally arrives for MYOB PayDirect merchants

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Tap-and-go finally arrives for MYOB PayDirect merchants

Contactless payments have been around for several years, and now MYOB PayDirect merchants can offer this convenience to their customers.

Contactless payments are the new normal in Australia, with 54 per cent of people using this kind of card, and 60 per cent of those making at least one transaction a week, according to research cited by MYOB.

The company released a chip and PIN card reader in 2014 for use with its PayDirect app and service, just in time for the rule change that mandated the use of that technology. Then earlier this year it added EFTPOS functionality.

The latest development is a new contactless card reader, allowing customers to pay by tapping their PayPass or Paywave card on the device.

The main advantage of contactless payments for both merchants and customers is that it speeds up low-value transactions. 

MYOB PayDirect user and owner of Lucky7 Beaufort Convenience store Maroth Phan said PayDirect contactless payments have reduced customer queue times and enabled him to process more sales.

Contactless payments also let the customer can keep hold of their card, reducing the risk of accidentally leaving it behind. 

The new reader costs $225 ($26 more than the previous version) and works with most iOS and Android phones, according to the company. PayDirect costs 1.77 percent per credit card transaction, or 27 cents per EFTPOS transaction.

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