Internal Staples document reveals that Amazon will soon launch a credit card reader

Internal Staples document reveals  that Amazon will soon launch a credit card reader
A leaked internal Staples document, reveals that Amazon will soon offer a mobile credit card reader similar to the device produced by Square. The leaked document shows a price of $9.99 for the device, which will probably be released next month. Like similar products offered by Square, PayPal and Staples, the accessory will connect to a smartphone.

The Amazon credit card reader will no doubt tie in with the online retailer's recent launch of a mobile wallet app for smartphones. A plan-o-gram shows that the Amazon credit card reader will be on the shelf at Staples, right next to the readers offered by PayPal and Staples. The business supply retailer is believed to be gearing up to market the Amazon credit card reader starting on August 12th.

Amazon might have the financial wherewithal to try to make a go of this. Back in April, we told you that Square was seeking a buyer in an attempt to staunch the flow of red ink. It is estimated that the company lost $100 million last year.

The credit card readers plug into the headphone jack on a smartphone, allowing users to swipe a credit card through the opening on the other end of the product. The transaction is processed and a confirmation number is posted on the handset's screen. Depending on the service, the funds can be automatically deposited into the merchant's bank account. Amazon would receive a small percentage of the amount charged on the credit card.


source: 9to5Mac via Engadget

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4 Comments

1. gehrig

Posts: 423; Member since: Apr 17, 2014

It then hacks your account, steals your data, sells it to the NSA, and charges you $1trillon dollars for everything on Amazon.

2. naittosan

Posts: 239; Member since: Jun 28, 2014

Let the good times roll.

3. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

If Bezos and his clowns had half a brain between them, they would be making a Bitcoin reader and building a Bitcoin-based payment system. Everyone knows from their experience with Paypal that traditional bank-based e-payments and e-wallets suck big time.

4. tacarat

Posts: 854; Member since: Apr 22, 2013

Oh, is that why there's no square or paypal reader apps in the amazon store? Boooo.

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