PAYM launching for mobile payments

[Firestorm]

Barclays have been doing this with pingit for a year or so

 

[phil_hg_uk]

When the small business can connect there will no doubt be a large charge, just to make it harder for the smaller businesses.

The thing is there are already a number of companies/banks providing the bluetooth card readers so that businesses can take mobile payments and charging for the pleasure, so it is unlikely that this will ever become available for businesses.

But what you could do is use a spare current account to get the payments into then do a regular transfer to your business account to get around this, of course some people use a standard current account to run their business from and these people will be able to use this.

 

[phil_hg_uk]

Barclays have been doing this with pingit for a year or so

Yes I have seen that unfortunately I wouldn't touch any Barclays product with a barge pole so I have never used it.

I would imagine that eventually they will move everyone from pingit to paym, they have already provided a mechanism to opt-into paym from pingit.

 

[screenman]

The banks often cotton on to that trick. You may be surprised at how many people are nervous of those Bluetooth readers for some reason.

 

[classic33]

The banks often cotton on to that trick. You may be surprised at how many people are nervous of those Bluetooth readers for some reason.

Mobile phone under the counter or on the person can get the PIN numbers for you.