Payatrader solve the challenge to deliver an affordable mobile
Chip & Pin terminal for the UK’s millions of small businesses
and home services traders
Today, Bill Thomson MD and co-founder of Payatrader.com announced the general
release of the UK’s first pocket sized, standalone card processing terminal with
electronic receipting - specifically designed for home services traders and small
businesses.
Not much bigger than a pocket calculator, the PayMate terminal is set to become the
tool of choice for small businesses on the move allowing them to take immediate card
payment, thereby avoiding non-guaranteed, delayed and cheques lost in the post.
Bill Thomson commented “Payatrader was first conceived and developed to sustainably
address the gap in the market for a “low cost, no financial commitment” card acceptance
service, where small traders could take card payments on a Pay As You Go basis
without the worry of monthly and minimum usage charges. Our design, development and
introduction of the new PayMate pocket Chip & Pin terminal provides a natural extension
to our successful “terminal free” proposition, and enables Payatrader to offer full multichannel choice for card acceptance – giving small businesses rich payment functionality
that is fit for large merchants”.
The terminal is a fully accredited, secure chip & pin device with immediate authorisation
and cardholder authentication. Adding a PayMate Chip & Pin terminal into the trader tool
kit makes strong commercial sense; not only does it mean payment can be taken
straightaway, which is good for cash flow, it means traders have a dedicated payment
device which closely matches the existing cardholder experience, avoids Bluetooth
pairing with other mobile devices and avoids cardholder concern about entering their
details into someone else’s mobile phone.
Now launched after an initial offer to Payatrader’s existing customer base, demand is
expected to be strong. To find out more go to www.payatrader.com.
Media Contact
Linda Cook
Marketing Director, Acceptacard Limited
[email protected]
01296 660177 or 07802907643
Notes to Editors
1. Payatrader is a credit & debit card acceptance service operated by Acceptacard
Limited.
2. The company goal is to be the market leader and champion for low cost card
acceptance in the micro business market, to give small businesses the payment
functionality that would be demanded by large merchants; also, to give
consumers the ability to pay for home services and other small businesses by
card – as is normal with larger businesses.
3. The solution was created by a team of payments experts led by Bill Thomson,
founder of the UK’s first generally available online PSP and former MD of
Barclaycard Business, to address an underserved market for "low cost, no
financial commitment" card acceptance services.