Businesses are always looking for ways to accept payments from their customers more conveniently and in a cheaper fashion. Amazon’s Local Register provides them with just that. It is a mobile payment system that aims to challenge Square in the mobile card reader space. For a limited time, Amazon will be charging a fee of 1.75% for swiped transactions. Even when the discount expires at the end of 2015, Amazon’s fee of 2.5% per swipe is cheaper than what Square and PayPal offer.
Business owners receive their payments in their bank account the next business day. They can also spend their money on Amazon.com fast. They also get business reports to get a better understanding how their customers are spending money. The system is compatible with iOS and Android devices. To take advantage of the above deal, you need to sign up before October 31st.