Amazon takes on Square with Local Register, a mobile card reader with lower transaction fees
Recent reports speculating that Amazon would jump into mobile payments have proven correct, after details of Amazon Local Register — the company’s take on Square and PayPal’s card readers — surfaced online. The device is shown in an Amazon YouTube video — first spotted by Engadget — while there’s a dedicated section on Amazon.com. The company hasn’t officially announced the product, but all the important details are out there in full public view. Update: the company just announced it officially. Amazon’s service charges just 1.75 percent on each swipe which undercuts rivals Square (2.75 percent) and PayPal Here (2.7 percent), although that is an “introductory…
This story continues at The Next Web
The post Amazon takes on Square with Local Register, a mobile card reader with lower transaction fees appeared first on The Next Web.