San Diego (PRESS RELEASE – August 21, 2009) – Transaction Wireless, a mobile commerce payment and marketing company, has announced an agreement with PayPalT to
power the company’s wCharge Credit Card Terminal by Transaction WirelessT, allowing small merchants to accept credit card payments virtually anywhere, securely and conveniently using only a mobile phone and a PayPal account.
Transaction Wireless’ solution allows PayPal Website Payments Pro users to accept all major credit cards on the go via any mobile phone, while saving money. As one of the largest e-commerce payment solution providers, PayPal is able to use its scale and efficiency to pass savings to its customers. Using the wCharge mobile POS allows merchants to take advantage of PayPal’s
cost effective credit card processing fees. By receiving an immediate approval or decline notice, merchants eliminate fraudulent payments, saving both time and money associated with bad debt collections. Businesses can also utilize one merchant account, allowing an entire remote work force to
use their current mobile phones and easily reconcile books via one safer organized portal.
Now any merchant, from the school fundraising bazaar or swap meet to contractors and home delivery services, can accept VISA, MasterCard, American Express, Diner’s Club and Discover credit cards and issue receipts to customers’ mobile phones or email addresses. All credit card activity is completely secure via an encrypted SSL network and specific card numbers are removed from the mobile phone instantly, converting to order codes and offering additional protection than the average paper based transaction.
“Due to the high credit card fees for small merchants and the costs associated with purchasing extra hardware and equipment, it hasn’t made sense for me to offer credit card transactions to my customers,” said Lisa Wall, owner of Mosaic Jewelry and Handbags. “The wCharge Credit Card Terminal solution is what I’ve wanted and needed to help me offer additional payment options in real time while keeping the cost down for my business.”
“We are thrilled to be launching our wCharge Credit Card Terminal solution,” said Bruce Springer, Transaction Wireless president and CEO. “This super simple solution that doesn’t require any extra equipment is perfect for small business people in the field. Now, anyone with an ‘on the go’
business can securely accept credit card payments for services- all with the added benefit of helping to eliminate fraud and reducing the risks associated with carrying large amounts of cash.”
“Allowing our merchant customers to use their existing mobile phone and PayPal account to transact business on the go is a valuable new solution for businesses,” said Matthew Watts, senior manager, business development for PayPal. “Transaction Wireless is a great example of a business using the
PayPal platform to bring innovative payment solutions to market.”
The wCharge Credit Card Terminal by Transaction Wireless service will work with any mobile phone and with any U.S. carrier. Setting up an account is simple and cost-effective. Merchants pay a subscription fee for the service in addition to the PayPal fees. More information can be found at
www.wcharge.com or by emailing email@example.com.
About Transaction Wireless
Transaction Wireless is a mobile commerce, payment and one-to-one relationship marketing company enabling a unique link between consumers, retailers and brands via any mobile device leveraging existing technologies. With unparalleled solutions, Transaction Wireless’ initial product portfolio
includes a small merchant mobile POS credit card terminal (wCharge) and mobile gift cards (wGiftCard). The Company is headquartered in San Diego, California. More information can be found at http://www.transactionwireless.com.