Shopify Launches Credit Card Reader for Brick and Mortar Stores

Shopify Launches Credit Card Reader for Brick and Mortar Stores

April 24, 2017         Written By Lynn Oldshue

Shopify is an online sales platform and payment processor, but its latest venture is designed for offline purchases. The company announced the launch of a new chip card reader designed for brick and mortar stores, which will compete head-on with the Square reader.

The Chip & Swipe Reader works with EMV chipped cards and magnetic strip cards. It is wireless and can connect to most smartphones or tablets using Bluetooth. Each transaction comes with a 2.4% processing fee, which is lower than Square’s 2.75%.

In September 2015, Shopify debuted its contactless payment reader, which is still available for $89. The new version does not accept contactless payments, and is only available for pre-order at this time. New customers can receive a free reader, but existing Shopify POS users pay $29 for the product.

Small and medium sized businesses can use Shopify for online and offline sales. They no longer need a separate platform for their ecommerce site and their brick and mortar store. Business owners can view their transaction histories and sales data from both sources on one dashboard, and can take their card readers wherever they go.

The chip reader has a durable battery that can last for 400 chip card transactions or 700 magnetic strip swipes. It comes with a charging base and a travel case, and pairs seamlessly with Shopify’s software and online support features.



The information contained within this article was accurate as of April 24, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


lynn-oldshue

About Lynn Oldshue

Lynn Oldshue has written personal finance stories for LowCards.com for twelve years. She majored in public relations at Mississippi State University.
View all posts by Lynn Oldshue
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : No Annual Fee, Bonus Offer, Cash Back
Featured No Annual Fee Card
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : No Annual Fee; Cash Back match at the end of your first year; Social Security Alerts
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time