Worldnet has unveiled Payjack, a mobile card payment solution for SMEs.
Available for Android and iOS, the app requires a short online registration followed by a 48-hour approval turnaround time. Then, after downloading the app, the business can take its first payment. Payjack supports credit and debit cards, and security is assured with end-to-end encryption and card details are never stored on the phone. Customers get a receipt by e-mail or by text message.
"Over 200,000 businesses operating in Ireland today don’t have the ability to take card payments. With an increasingly cashless society, this represents a huge missed opportunity for these businesses to sell their goods and services, and to get instant payment," said Will Byrne, CEO of WorldNet.
John Clarke, head of product innovation with WorldNet, said: "Traditionally, there hasn’t been a suitable product available for small businesses, hence the reliance on cheques and cash. Payjack provides such a product by tapping in to the technology that’s already out there."
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