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Verizon Partners With Intuit to Give You Mobile Credit Card Processing on the Go

This week, Verizon announced a new partnership with Intuit that will give small business owners and sole proprietors the opportunity to accept credit card payments from anywhere using their smartphone.  Similar to the service offered by Square, there is a swiper (pictured above) that plugs into your head phone jack, an app to take care of the transaction, and your smartphone to send the data out for processing.  Your customers can specify a tip, sign for their goods on your smartphone screen, and even email them receipts.  If you frequent festivals, you have probably dealt with a similar service.

There are two different plans for users to choose from; the most popular more than likely being the free one.  If you are interested, you can find out more information at Intuit’s site, which includes an “exclusive” offer.  

Video demo:


Pricing plans:

Press release:


Intuit GoPayment App and Credit Card Reader Now Available at Verizon Wireless Stores

BASKING RIDGE, N.J. & MOUNTAIN VIEW, Calif. – Verizon Wireless and Intuit Inc. (Nasdaq: INTU) today announced a strategic alliance to give all small businesses – from the sole proprietor to a medium-sized business – the ability to process credit card payments on smartphones and tablets. The companies are now offering Intuit’s GoPayment app and pocket-sized credit card reader in Verizon Wireless’ 2,300 retail stores and business-to-business sales channels.

GoPayment makes it easier and more affordable for small businesses to process credit cards and for anyone who sells products or services to accept credit card payments wirelessly. The card reader simply plugs into the audio jack of a supported smartphone or tablet. Credit and debit cards can be swiped through the card reader or entered into the app manually. The transaction is processed immediately and funds are automatically deposited into a user’s bank account within a few business days. GoPayment supports devices on Android™, BlackBerry® and iOS platforms for most popular 3G and 4G LTE smartphones and tablets.

“Intuit’s GoPayment on America’s most reliable network is a mobile transaction game changer, and brings another dimension of must-have technology to the small business community,” said Mike Schaefer, executive director of the Business Solutions Group for Verizon Wireless. “Payments and transactions are often the biggest hurdle businesses face. Our value proposition is to streamline, simplify and enable business owners to get paid with minimal delay. This collaboration with Intuit is an important part of our strategy to bring the most innovative online and mobile tools to our customers.”

“Rather than lose out on potential business, anyone who sells a product or service can now easily and affordably give their customers the option of paying with plastic,” said Chris Hylen, general manager of Intuit’s Payment Solutions division. “GoPayment is meeting a huge need and is one of the fastest growing mobile payment solutions in the market. With Verizon Wireless, we’ll help even more people discover that they too can process credit card payments on the phones or tablets they already own.”

To save time when processing payments, GoPayment offers the ability to create and sell from a list of frequently sold items. Depending on the types of goods and services sold, users can choose to apply sales tax, add tips and send customized receipts via text message and email with a map of where the transaction took place. To protect data, sensitive credit card information is never stored on the phone. The data is also encrypted – once via the card reader and a second time via the GoPayment app.

For the more than four million small businesses that use QuickBooks®, GoPayment can also sync transactions with recent versions of QuickBooks – PC, Mac and soon QuickBooks Online – to save time by reducing manual data entry. GoPayment also supports up to 50 users on one account, which is ideal for businesses with multiple employees who work in the field.


Verizon Wireless customers can get the GoPayment credit card reader free with activation of a GoPayment account and a mail-in rebate for the $29.97 purchase price. The GoPayment mobile payment app is free and the basic service has no monthly, transaction or cancellation fees, and offers a competitive 2.7 percent discount rate for swiped transactions.

A paid version of GoPayment is also available for $12.95 a month and provides a low discount rate of 1.7 percent for swiped transactions. Intuit is offering Verizon Wireless customers two months of free service when they select this monthly paid plan.

Customers who purchase a smartphone for their GoPayment use will need to subscribe to a Verizon Wireless Nationwide Talk plan beginning at $39.99 for monthly access. Tablet and smartphone users require a data package starting at $30 monthly access for 2 GB of data.

For additional information, please visit www.verizonwireless.com/gopayment or gopayment.com/verizon.

About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management, payment and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal year 2011. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

About Intuit Payment Solutions
Intuit is one of the largest small business payments processors in the U.S. It processes annually more than $17 billion in transactions for approximately 300,000 small businesses. Over the last 10 years, Intuit has helped small businesses get paid and improve cash flow with a complete family of end-to-end electronic payment solutions. This includes services to process credit cards, e-checks and online payments via a variety of channels including mobile devices, Web and retail stores as well as integrated solutions such as QuickBooks.

About Verizon Wireless
Verizon Wireless operates the nation’s fastest, most advanced 4G network and largest, most reliable 3G network. The company serves 106.3 million total wireless connections, including 89.7 million retail customers. Headquartered in Basking Ridge, N.J., with 83,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

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  • Mobilepayment is coming of age, with Square from Apple and now verzon and intuit. I guess the Isis payment project is lagging behind schedule now. learn more on isis phones here isis-phones

  • Anonymous

    And they actually thought to encrypt the card data!  Finally someone who has a brain in their head for mobile payments!!!

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  • Anonymous

    Hell its free w/free shipping if you just go through the website.  You don’t have to pay the $29 and then get reimbursed later.  Same rate also.   I dont have to have it today so I going this route.  It takes a week to receive from what customer service says.  You dont have to return or if you dont like it.  HELL YEAH

  • Anonymous

    Hell its free w/free shipping if you just go through the website.  You don’t have to pay the $29 and then get reimbursed later.  Same rate also.   I dont have to have it today so I going this route.  It takes a week to receive from what customer service says.  You dont have to return or if you dont like it.  HELL YEAH

  • outsidr54

    Great idea, but as a customer, i want a receipt. No I don’t want it emailed to me. I want it now.

    • Anonymous

      Quit your bitching … give me a crayon or a sharpie and ill write it on your shirt.  Hows that work for ya?

  • Scott Willenborg

    I am totally getting one of those for the sole purpose of tipping strippers.

    • Anonymous

      Are the strippers tipping you or are you the stripper…apparently you dont understand how this works

  • Pcrowley59

    Not leaving Square, been using for months now, not a problem one, use it in my business almost everyday…Check it out in the market and its free to set up….. 

  • The number of Android phones being taken back due to something being snapped off in the heaphone jack just tripled.

  • Ray

    And the benefit of this over Square up is what???

  • Mr.Joe

    At first I thought this was stupid as hell and who would want that big ass thing on your slim GS2.  BUT after seeing the video I’m thinking… how sweet!  

    I don’t carry cash around and the idea of just swiping a card to pay sounds easy as hell.  No need to set up a bajillion accounts with a bajillion companies to pay people by mobile.  


  • Interestingly enough, is there an app that uses the Nexus S NFC to take payments? I would think there would be by now, since it doesn’t require any hardware design by the developer.

  • I’ll stick with Squareup since they don’t want my whole SSN to verify my identity.

    • Craigg

      If you gave them the last 4 digits then I can guarantee that they know the rest of your SS#. It’s easy to find out. With that being said, based on your usage, SquareUp will do full underwriting in the future. At that time expect a hard pull on your credit report. I have been using GoPayment for several years and they underwrite upfront. As a rule they are looking for current revolving credit experience equal to your monthly processing limits. As an example, if you process $20,000 monthly then they want to see a credit card on your report with that limit or higher. Also, if your credit score is below 720 you can expect either higher rates or a reserve account.

  • What does this look like from the other side? The headphone jack on the OG Droid is on the other side. Also, this might block my screen lock button… I can see it getting annoying.

    • Mr.Joe

      Something tells me you wouldn’t have it on your phone 24/7.  Only when you need to use it.

      • Yes, but I am not going to be plugging it in and out all day long while I am selling things. This is meant for a small business, not so much for someone who needs to take one payment every once in a while.

  • FortitudineVincimus

    pretty cool… except for the part where 100 random people get to touch your phone with their icky ass fingers

    • If it’s less than $25 they don’t have to sign.

    • Buy a disinfectant wipe; really, it’s not that big of a deal. Trust me, your phone was designed to be used, not to sit on a pretty little pillow for you to look at from across the room.

      • Mr.Joe

        You’d make an EXCELLENT Pimp.

      • FortitudineVincimus

        your 100% right.. it is for ME to use.. not you, not bob, not steve, not betty and not some friggen guy who was picking his nose and ass an hour earlier

        • If you feel so strongly about that then, I am sure you can afford the several thousand dollar POS system and all the charges that go along with it. I mean, who wouldn’t spend that kind of money to avoid the coodies?

    • Would  this work with a headphone extension jack?

  • Guest