Launch of Paysafe’s new mobile point of sale solution in the US market follows strong trial period
Houston, Texas. October 16th, 2019 – Global payments provider Paysafe Group (Paysafe) today announced the US launch of Mobile Pay, its new cutting-edge mobile point of sale (mPOS). Featuring apps developed with Apriva, a leading omnichannel payments solutions company, and patented hardware from AnywhereCommerce, a mobile payments pioneer, Mobile Pay offers a highly flexible approach to mobile payments.
The solution was developed following strong interest from US small and medium-sized businesses (SMBs) in integrating mobile payment apps. Thirty percent of American card-present SMBs surveyed by Paysafe in September 2018 planned to add mobile apps by end-2020.
Responding to this market need, Paysafe’s Mobile Pay, which was soft launched in Q3 2019 and has already been successfully adopted by close to 17,000 US SMBs, allows merchants to action a full suite of payment methods wherever they are and whenever they have a smart phone or tablet to hand.
Powered by iOS, Android, and Amazon apps developed with Apriva, the mPOS transforms everyday mobile devices into credit and debit card processing terminals by connecting them to an AnywhereCommerce-designed Walker BT card reader via Bluetooth (with a USB cable also available).
EMV chip- and MSR swipe-enabled, Mobile Pay’s lightweight and user-friendly card reader, which is powered by a battery with extended lifetime, enables merchants and customers to choose how cards are authorized, with keyed entry via the app also available. Traditional payment methods such as cash and checks are also supported as well as subscriptions and other recurring payments.
Larger and growing SMBs will be further empowered by Mobile Pay’s responsive dashboard with multi-merchant and user functionality, plus the ability to store detailed stock and product information in its cloud-based inventory. The dashboard features real-time reporting and analytics, allowing in-depth reports on inventory, transactions, sales taxes, and other payment metrics.
Mobile Pay also offers merchants’ customers the security of EMV and PCI DSS compliance as well as convenience. Among other functionality, the mPOS supports fully customizable mobile receipts (via email and SMS text message) as well as paper copies (via Bluetooth printers).
O.B. Rawls, President Payment Processing North America at Paysafe, said: “Smart phone and tablet usage in the US has never been higher, which is serving as a catalyst for the strong growth in mobile payments, especially in the SMB space. We’re therefore excited to unveil Mobile Pay, an mPOS solution that marks a true step forward in mobile payments through our partnerships with two ‘best in class’ technology companies, Apriva and AnywhereCommerce.”