Watch out, Square and PayPal: Here (presumably) comes the online juggernaut.
Mobile payments are all the rage nowadays. At least, it seems as if you can pick up one those “help all of your friends who only use credit cards pay you back for the dinner you just bought” card readers from a variety of different companies: Square, PayPal, Intuit, et cetera.
Amazon, which just recently released its own digital wallet app for Android, might be soon playing in the mobile credit card reading space as well. According to a new report from 9to5Mac, some documents from Staples appear to indicate that an “Amazon Card Reader” is being added to the company’s stock right alongside Paypal’s “Here” mobile card reader and Staples’ own mobile card reader.
According to Staples’ internal system, Amazon’s card reader — if it does see the light of day — should end up costing interested purchasers a mere $10. That’s a smidge less than the $15 Staples wants for PayPal’s Here or its own “Mobile Register” card reader.
Though there isn’t a specific launch date for Amazon’s alleged device, 9to5Mac reports that Staples stores have been asked to wait until at least August 12 to put up any signs about Amazon’s card reader. That doesn’t necessarily mean that the device is for-sure launching on August 12, but it — and diagrams from Staples that show exactly where the device will be located on store shelves — do seem to indicate that Amazon’s credit card reader is a bit closer to reality than speculation.
While we don’t have any details on just how exactly said card reader will work, we can only presume that it would somehow tie into Amazon’s Mobile Wallet in some capacity — although the latter, as of this article’s writing, doesn’t yet support mobile payments, credit cards, or debit cards.
It’s also rumored that this isn’t going to be Amazon’s only foray into payments. The company is allegedly also working on fingerprint-based mobile payment systems, likely akin to what Apple is simultaneously pursuing (using Touch ID) with a number of national retailers.
It remains to be seen how retailers might take to Amazon’s interests in payment systems, however, given that using those might very well be helping out their direct competition in some capacity.