Amazon Local Register takes on Square and businesses save money

Amazon has launched a Square and PayPal Here competitor called Local Register, which provides users with a free app and a $10 card reader, and charges merchants and anyone selling services who use it just 1.75 percent per swipe on both credit and debit transactions, so long as users sign up before October 31. That’s a special rate, and is a full percentage point lower than Square’s 2.75 percent per swiped transaction (3.5 percent plus 15 cents for manual entry), and will last until January 1, 2016, at which point it will return to the standard 2.5 percent per transaction Amazon is charging (or 2.75 percent for manually entered transactions). [via techcrunch]

https://www.youtube.com/watch?v=M6YXllIqD_E

Amazon Local Register Highlights

• Pricing you can trust
  Low, flat rate for all major cards. No other fees or long-term contracts.
• Next-day deposits
  Automatic deposits to your bank account the next business day.2 Or spend your money at Amazon.com within minutes.
• Support when you need it
  Award-winning live customer support from Amazon. Contact Amazon
• Powerful reports
  At-a-glance insights help you understand customer spending like never before – right in the app.

They have a deal for people who sign up quick!

1.75% per swipe, all major cards Sign up by October 31, 2014 to lock in this special rate. Pay 2.5% per swipe beginning January 1, 2016.

This is great! We love to save money and every percantage counts!

• No Hidden Fees.Seriously, none.
• No monthly fee.
• No long-term contracts.
• No fee for chargebacks.
• No fee for refunds.
• No fee for international cards.

I am signing up now are you? I have used Square in the past but I think the savings is well worth it. Do you use a credit card reader? Let us know in the comments below.