GoDaddy is letting users turn their smartphones into a POS

Date:
Wed, 16 Feb 2022 11:45:10 +0000

Description:
GoDaddy is challenging Apple and Square with new POS-esque payment service.

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GoDaddy has announced it is launching into in-person payments by allowing users to turn their device into a point of sale ( POS ) device.

GoDaddy's solution is somewhat novel: unlike Square's physical reader (which connects to an iPhone) or Apple using the iPhone's NFC chip, GoDaddy is using QR codes and its app to let people pay merchants.

"Without a terminal, dongle, or card reader, small business owners can accept payment using a unique one-time QR code generated on their smartphone via the free GoDaddy Mobile App for a smooth, contactless and quick sale," the
company says. (Image credit: GoDaddy) Small fees

Although perhaps best known for its web hosting services , GoDaddy has been gradually expanding into new spaces over the past few years.

The company says its point-of-sale tools offer some of the lowest transaction rates in the business, at 2.3% plus 30 for QR codes and a flat 2.3% fee for its POS hardware.

Everything is managed by GoDaddy's Payments app, which helps merchants accept and manage payments from customers, as well as generating the QR codes on-demand.

"This QR Code offering is just one of the ways GoDaddy continues to innovate in commerce and make taking payments, whether online or in-person, a seamless experience for both our everyday entrepreneur and their customers. ," the company wrote in a blog post. READ MORE

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Competition will be tight: Square, Apple, and others, as well as Stripe for online payments, are all vying for the payments crown. Apple especially has the advantage of controlling the iPhone , a device most merchants likely have already. We've found the best payments gateways around for your business



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Link to news story: https://www.techradar.com/news/godaddy-is-letting-users-turn-their-smartphones -into-a-pos/


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