Mobile credit card processing competition is getting interesting.
Square has pretty much had the market to themselves in providing credit card handling and processing with their tiny devices which can be plugged into Apple iOS products or Android smart phones. And they have seen some big growth this year. But it appears that things are going to change now that Intuit has introduced their GoPayment unit along with credit card handling and processing. While this is not completely new, the fact that they are integrating it with QuickBooks is news. These two are much different than the expected NFC smart phone chips which use Point of Sale (POS) devices to process payments. Not of too much value if you are mobile in your business. The value Square and GoPayment provide is the ability for your business to be mobile and not be tied down by phone lines or large credit card readers. And this is the future for accepting credit card transactions for small business.
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