When TrustedReviews took Apple Pay for a week-long test earlier this summer, we observed one of the main obstacles to universal adoption was the expense to small businesses.
The food trucks, craft breweries and coffee shops where the young and hip like to spend their cash are Apple Pay-free zones, dominated by the Square credit card readers.
However, that may be about to change with the launch of an affordable new reader that accepts Apple Pay and other wireless payment systems, as well as magnetic strip and chip-and-pin cards.
Like the Square solution, it’ll be easily plugged into an iPhone or iPad via the headphone jack.
The PayAnywhere reader will cost just $40 when it goes on sale at Apple’s online and brick and mortar retail outlets from September.
The company behind the reader North American Bancard will charge businesses 2.69 per cent per transaction, but the first $5,000 in transactions will be free within the first six months of use.
Related: Apple Pay vs Samsung Pay
The announcement comes as Square prepares to launch an NFC-friendly reader that’ll enable contactless payments to be made with mobile platforms like Apply Pay.
With Samsung Pay and Android Pay set to join Apple Pay in the next month or so, the PayAnywhere reader arrives at the perfect time.
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Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
