If it sounds too good to be true, it usually is! So you’ll pardon my skepticism concerning the tweet I just saw that promised free credit card processing on mobile phones.
I clicked the link that was provided to get the details and here’s what I found.
The offer (Go Payments Goes FREE) was from Intuit’s mobile credit card processing division Go Payments and promised no service fees along with a free card reader. Sounds good, right?
I read the company’s press release touting its desire to help small businesses in 2011 and kept my eyes peeled for the fine print. First, small business owners must apply before mid February. Second, the card reader is only available while supplies last, whatever and however long that means. Third, the “no service fee” option is listed as being available only to businesses with low or intermittent credit card processing volume.
Those terms weren’t defined, but I’m thinking my business will probably qualify.
The last gotcha was that a business must be a new Intuit Merchant Service customer and approved for an Intuit merchant account.
Hmm. I wonder how difficult it is to get into those programs and what they cost. Off to do more investigation now. In my next post I’ll report my results.
If you’ve already applied, let me know what you found by leaving a comment below.
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