These free apps in South Africa allow merchants to process tap-to-pay card payments and only pay a transaction fee. | BISouthAfrica
It's never been cheaper or easier for businesses to accept credit and debit card payments from customers.
They have some limitations, but are a good option for micro or informal businesses that want to accept cards. But it's now possible to accept card payments without a card reading device, using what the industry calls Software Point of Sale, or SoftPOS. Simply by downloading free fintech apps on a compatible smartphone, merchants can accept tap-to-pay card transactions.
Unlike card reading devices, these apps, available in the Google Play Store and Apple App Store, require no upfront device payment. Merchants download the app to a compatible phone, sign up, and once registered, can accept tap-to-pay card payments from customers. SoftPOS providers make money by charging merchants transaction fees for every sale, which vary between 2.15% and 2.75%, depending to the institution..
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