Description
PayStand, a next-generation payment platform, today announced the release of their mobile app in the Apple App Store, making it the first all-in-one mPOS (mobile point of sale) solution in the US to enable credit card, check and Bitcoin payments. Merchants on the PayStand platform can now accept payments on their iPhones at brick-and-mortar locations and out in the field, giving them significantly lower transaction rates than existing POS systems. The PayStand mobile app is a being offered as an extension of its innovative Payments-as-a-Service platform to provide flexible online checkout and payments for a flat monthly subscription instead of a complex fee structure.“Mobile credit card payments are proliferating at the point of sale, but the fees involved have gotten too expensive for merchants,” says PayStand founder and CEO Jeremy Almond. “Why should credit card processors take such a big cut off the top of a business’ revenues? By offering alternative payment options like check capture and Bitcoin which are zero-percent, we’re taking a big step toward our goal of eliminating merchant transaction fees.”