Amazon introduces Local Register Secure Card Reader

Amazon has introduced its Local Register Secure Card Reader ($10), a mobile credit card reader to rival products from Square and PayPal. The iPhone and iPad-compatible card reader offers a 2.5 percent rate for swiped transactions — lower than Square and PayPal.

Amazon introduces Local Register Secure Card Reader

Additionally, customers who sign up by October 31 will only pay 1.75 percent per swipe until 2016. Though the card reader costs $10, for a limited time, Amazon will credit the first $10 in processing fees for customers who create an Amazon Payments account and sign up to use the reader.

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