#Chase mobile checkout how to
Chase Paymentech has worked with card reader manufacturer Roam Data in the past.Īfter merchants activate a Chase Mobile Checkout account, Chase Paymentech ships the card reader and provides instructions on how to obtain the companion app. "The reader on the smartphone is all some merchants need," he says.īy offering its own card reader, Chase locks down a significant portion of mobile payments because it also processes debit and credit transactions for Square, Martaus says.Ĭhase did not disclose which company manufactures its reader. Most banks feel they need a mobile card reader to compete, says merchant acquirer consultant and industry researcher Paul Martaus, of Mountain Home, Ark.-based Martaus & Associates.Īdding this product makes sense for Chase Paymentech because of its simplicity, Martaus says. Merchants can choose any of the Chase Checkout products they need, though some will find the new mobile app as the "stand alone" product that fits their business model, Kozmor says. Bank of America unveiled its Mobile Pay on Demand reader late last year, and Fiserv's SpotPay reader is sold almost exclusively through financial institutions.Ĭhase Mobile Checkout is designed to work with the Chase Paymentech's other offerings, such as its iTerminal software for retail checkout.
Like similar card readers, Chase Mobile Checkout "provides card-present payments for small businesses like beauty salons or lawn services," Kozmor says.