Toronto-bassed cloud accounting software firm FreshBooks today revealed plans to release a card reader to help small business owners get paid on-the-spot using their mobile device.
Scheduled for release in the spring of 2016, the pocket-sized device plugs into an iPhone’s audio jack and lets users accept credit cards anywhere, just like Square, though the next generation of iPhones might come without an audio jack.
The FreshBooks Card Reader will be integrated into FreshBooks’ payments offering and accounting software for the Web and iOS devices, so invoices and reports are automatically updated as payments are processed.
“Running your own business has all kinds of challenges, but getting paid shouldn’t be one of them,” said Mike McDerment, co-founder and CEO, FreshBooks. “Since day one, FreshBooks has been committed to helping service-based small business owners save time, get paid faster, and look professional, and the FreshBooks Card Reader is the next step as we continue delivering on our promise.”
Powered by FreshBooks Payments, users can accept Visa, MasterCard and Amex cards from their clients. The Card Reader is compatible with iPhone and iPod Touch devices running iOS 8 or newer and the latest version of the FreshBooks iOS app.
The FreshBooks Card Reader will be available in the spring in the U.S. for $29 USD and includes a one-year warranty through FreshBooks.