Merchants will be charged a so-called merchant’s cost of between 2 percent to 3.5 percent per transaction, depending on the type of business. The system works with clients downloading the mobile point-of-sale app and then attaching a specially designed dongle onto the device. The phone will need access to Wi-Fi or its own data connection.
Transactions will be paperless and receipts are sent to customers via e-mail. The system is set to work with iOS devices and select Android devices.
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