Intuit launches MPOS pilot in the UK

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Intuit has launched a new pilot programme in the UK, giving small businesses an easy, secure and inexpensive way to accept card payments anywhere.

Intuit Pay, from the makers of QuickBooks, is being tested by hundreds of small businesses in the UK, and includes a free mobile app with a low-cost chip and PIN card reader – ideal for both bricks-and-mortar businesses and those on the go. It allows small businesses to get paid on the spot so they never miss a sale.

‘This week alone, I have encountered six clients that wanted the flexibility of taking payments there and then,’ says pilot participant Rob Welch, who runs tour company smallcarBIGCITY. ‘Catering to your clients needs can be the difference between success and failure. Intuit Pay is the cheap, effective and safe way of taking card payments I have been looking for. My business needs the flexibility to take payment from my customers anytime, anywhere, so I am really excited to be part of this pilot and to see how Intuit Pay can help my business grow.’

A survey for Intuit of 1,000 small businesses in the UK found that just 19% of micro-businesses – firms with less than 10 employees – currently accept card payments. Almost half, a total of 47%, said they would accept cards if there was a more affordable way of doing so using their smartphone or tablet. There are an estimated 4.6 million micro businesses in the UK, according the Department for Business Innovation & Skills.

‘For many small businesses, accepting card payments has simply not been an attractive option. It can take weeks to get set up, the equipment and transactions can be expensive and there is no easy way to take payments on the go,’ concludes Terry Hicks, vice president for products for Intuit’s global business division. ‘With Intuit Pay you can sign up and begin accepting card payments within minutes. Our mobile app and card reader lets you securely take payments anywhere using your own smartphone or tablet.’