Amazon takes on PayPal and Square with mobile payment accessory

For a long time now, if you wanted to be able to accept credit or debit card payments on your smartphone, the choice was essentially between either Square or PayPal. We're not exactly sure why it took Amazon so long to jump into this space, but now Amazon has unveiled its own card reader, called the Amazon Local Register.

Unfortunately, Amazon's offering is far from perfect. Amazon is doing well to undercut the competition when it comes to pricing. Those who sign up before October 31 will receive a solid deal with a rate of 1.75% on transactions from ...



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