Card payments to be taken over the phone

A NEW payment system that allows businesses to accept credit card payments using mobile or fixed-line telephones will be launched by EftNet on 1 March.

EftNet managing director Marc Abonnel said the 13-PAID system was the first of its kind in the world.

“It’s will certainly cause a stir in the market,” Mr Abonnel said.

“The system has solved a problem for businesses that have been unable to cost-justify buying fixed or mobile eftpos units.

“It can be used by sole traders and small businesses such as tradesmen, lawnmowing services – anyone that’s out on the road.”

Mr Abonnel said apart from a $30 join-up fee there were no ongoing monthly charges.

He said 13-PAID was a user pays system with a small transaction fee each time it is used.

“The system solves a problem for banks by removing paper-based transactions,” Mr Abonnel said.

“The system allows card verification on the spot and processing time is twenty-four to forty-eight hours,” he said.

BankWest head of emerging business Marcus Stafford said the service promised to make available to a whole new market credit card payment systems previously out of reach.

The service is targeted at low-volume users and should be popular with seasonal businesses that would normally incur costs for the months they are trading.

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