Features	PaymentMax	Others
Monthly Wireless Fee	None	$20-$30
Contract required	None	1-3 years
Mobile card reader	Free	$150-$900
Setup	Free	$0-$50
Monthly fee	$0	$15-$25
Closure fee	$0	$0-$295
Card-present (qualified swiped) rate	1.59% + 20¢	2.9% + 30¢
Card-not-present (qualified keyed-in) rate	1.99% + 20¢	2.9% + 30¢

Merchant Account Comparison Chart for Droid Credit Card Processing

At PaymentMax, credit card processing with your Droid phone is not only easy, it’s cost effective. Fast approval and setup, more savings both getting started and ongoing through the life of your account, and faster return on your profits. Here’s how we do it.

Free Card Reader

Droid offers two ways to process: direct key in [you enter the sale and card information by typing, reverse phone lookup, or voice to text]; or by using the Card Reader. The Droid card reader plugs into the 3.5mm headphone jack on the following compatible Droid phones:

• HTC Droid Incredible v2.1 on Verizon
• Motorola Droid v2.1 on Verizon
• Nexus One v2.1 on AT&T
• HTC Hero v2 on Sprint and many more:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Your Droid card reader is supplied free with your new approved PaymentMax account.

Eliminate Extra Fees

PaymentMax charges no monthly wireless fee, and provides free setup in addition to the free card reader. Monthly user fees are less than half of what other companies can offer; per transaction fees are also discounted.

Save Money on Processing

Transaction fees are less with PaymentMax in general, but using the free card reader offers additional discounts. Keyed in sales are encrypted and secure, but swiping the card through the reader offers end to end encryption, the highest security available. This means all swiped transactions are eligible for the even lower retail, or ‘card present’ rate. So you save money every time you swipe!

Faster Return

Credit card transactions typically take between three and five days to process, depending on the type of card. This means that though you’ll get instant card approval to let you know the transaction has successfully completed, the money from that sale will not be deposited into your business account until it processes through the merchant account – three to five days. With PaymentMax’s Next Day Funding, that wait is eliminated. Your money is in your account, available for you to use as necessary, within a one to two days – often as little as twelve hours.

Free card reader, fewer fees, lower rates, and faster processing. PaymentMax and Droid are the perfect business team.