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Payleven brings chip-and-PIN card reader to Apple Stores

updated 11:19 am EDT, Wed May 29, 2013

Tech so far limited to European stores

Payment service Payleven is bringing its chip-and-PIN card reader to European Apple Stores, says The Next Web. The reader pairs with an iPhone, iPad, or Android device via Bluetooth, and lets retailers read chipped credit cards from companies like Visa and MasterCard. Unlike the US, Europe has largely abandoned cards with magnetic strips.

In the UK the reader costs £99, and comes with a £20 credit towards payments, plus no monthly fees or contracts. Payleven does however charge 2.75 percent per transaction. The service operates in the UK, Italy, Germany, Poland, the Netherlands, and Brazil. At the moment, the Payleven hardware is the only chip-and-PIN reader sold by Apple.




by MacNN Staff

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  1. FireWire

    Mac Elite

    Joined: 10-03-99

    Should read "unlike the rest of the world, the US hasn't catched up and still use the archaic magnetic strip". Not to brag, but in QuƩbec we're even using contact-less payment..

    Is it me or the fees are outrageous? 2,75% ??? it seems a flat rate would be more right..

  1. Charles Martin

    MacNN Editor

    Joined: 08-04-01

    FireWire: my cards have both chips AND magnetic stripes, indicating we're still in a transitional phase ... as for the fee, it's about par for the course for credit card companies here. Some are lower than that, but Amex for example is higher (4%) IIRC.

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