FreshBooks, , today revealed plans to release the FreshBooks Card Reader to help small business owners get paid on-the-spot using their mobile device while also combatting credit card fraud. Scheduled for release in the spring of 2016, the pocket-sized device plugs into an iPhone’s audio jack and lets users accept credit cards anywhere.
The FreshBooks Card Reader is fully integrated into FreshBooks’ payments offering and accounting software for the Web and iOS devices, so invoices and reports are automatically updated as payments are processed. It offers the latest security technology and features dual chip-and-swipe capability, allowing users to accept EMV chip cards while protecting sensitive credit card data. The Card Reader will also be supported by FreshBooks’ award-winning customer support team.
“Running your own business has all kinds of challenges, but getting paid shouldn’t be one of them,” said Mike McDerment, co-founder and CEO, FreshBooks. “Since day one, FreshBooks has been committed to helping service-based small business owners save time, get paid faster, and look professional, and the FreshBooks Card Reader is the next step as we continue delivering on our promise. Seventy-five (75) percent of small businesses already use mobile devices to run their businesses, and the FreshBooks Card Reader will offer them with yet another way to streamline their workflow while on-the-go.”
Unlike standalone card readers that must be separately connected to invoicing or accounting software, the FreshBooks Card Reader seamlessly integrates into the FreshBooks platform and is ready to use right away. Users are able to offer their clients the option to pay by credit card in person, and payments are processed in less than 60 seconds. Credit card information is encrypted and the data is not stored on the device.