Intuit is demonstrating their GoPayment app and reader at this year’s CES.
The service, which seems unmistakably architected to compete with Square, is essentially the same. You get a free reader, and, using an app for your iPhone or iPad, swipe credit cards and collect money, which is then sent into your bank account. The fees are almost identical as well – the same 2.75% per swiped transaction (“keyed” transactions, where the card number is keyed in and the card is NOT swiped, are charged fees differently but should cost almost exactly the same). Neither service charges a monthly fee or a transaction fee, and both can accept the same cards (Visa, MasterCard, American Express, and Discover). Intuit, however, offers an alternative to a bank deposit in the form of a debit card that is loaded with the funds that you’ve accepted.
If you have a need to accept credit cards, GoPayment could be just what you’re looking for.