New payments app ‘tapeeno’ turns Android phones into card readers
By Gloria Methri
Tapeeno, the first mobile card reader to use Faster Processing payments has launched in the UK. Developed by card machine specialists UTP Group and the credit card processing system Faster Processing, the tapeeno app transforms any Android phone into a card reader that can process transactions within one hour.
This helps in reducing the funding delay most businesses experience when taking payments on other card machines or payment acceptance devices.
Successfully trialed in the UK for two months, tapeeno offers customers a quick, easy, and flexible card payment solution without the need for investing upfront in additional hardware or committing to long-term contracts.
With no fixed costs or hidden charges, customers using tapeeno will pay a 1.50% transaction fee for any card payments, making it ideal for start-up businesses, and growing ventures.
Jaime Lowe, Sales Director of UTP Group, said, “tapeeno was developed as a quick, convenient, and secure card payment solution for small businesses that are just starting out and don’t want to commit to upfront costs or long-term contracts. It’s ideal for hobbies, mobile traders, or businesses turning over less than £2,500 a month and needing a reliable and safe way to process customer payments.
Heb added, “tapeeno’s utilisation of Faster Processing’s technology means there is the huge advantage of receiving funds far more quickly than other card machines or payment acceptance devices.”
Customers who sign up for tapeeno will need to complete an online application form via the website, provide the required ID, and download the tapeeno app to their phone. Approvals are processed within 24 hours.
tapeeno accepts all contactless payments made by Mastercard and Visa and is currently available to download from the Google Play Store on Android phones. The app will be available to use on Apple phones later this year.
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