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New Credit Card Acceptance Tool is Boon for Micro Merchants


Millions of micro merchants and self-employed workers don’t accept credit and debit card payments because of high upfront costs, monthly fees and complex requirements, not to mention the hassle of setting up a merchant account for processing. A new credit card acceptance kit offers these businesses a no-fuss way to accept plastic payments on the spot via desktops, laptops, tablets and smartphones (iOS, Android and Blackberry).

The Kudos credit card acceptance kit serves as a complete "point of sale in a box," according to the manufacturer, Canadian firm NetSecure Payments. With a plug-in swipe terminal, point-of-sale software and a merchant account, it lets users accept credit card payments for a flat rate of 2.7 percent of the purchase price plus $0.20 per transaction, with no monthly or ongoing fees.

Office Depot, the exclusive U.S. retailer, offers the kit for $79.99. The kit has been available in Canada since this summer. Kudos has no limitations on transaction amounts and includes full-service merchant services that provides access to free features such as reporting and statements. End-to-end encryption for all transactions provides security.

"Terminals and merchant accounts are cost-prohibitive for small and micro businesses," said Daniel McCann, president and founder of NetSecure Payments. "Small merchants like electricians, taxi drivers, home-based businesses, and even Girl Scouts need the flexibility to accept all forms of payment.  By allowing merchants to use what they already have – their phones and computers – as their payment terminals, Kudos provides these merchants what they need to stay competitive, at a fraction of the cost of traditional offerings."