Amazonís new mobile card reader waltzes onto Square and PayPalís dance floor
CONFIRMED90% CONFIDENCEHappened as dated, per arstechnica.com[1]: "…rcutting the establishment. Amazon just announced its new Local Register service, a mobile card read…"
Amazon's card reader has promised customers who register for the service before October 31 will only be charged 1.75 percent on all transaction fees made through the swipe reader until January 1, 2016. Outside of that deal, merchants using Amazon Local Register are charged 2.5 percent for each swiped transaction and 2.75 percent for all manually keyed-in purchases.