Amazon Breaks Into Competitive Mobile POS Market
Amazon's already burst into the media selling, publishing and smartphone markets, and now it's looking to expand it's empire into mobile point-of-sale solutions. Though it'll go up against many POS providers jostling for dominance, it's generous pricing model for first-time users may give it an advantage.On Wednesday, Amazon released a mobile card reader called Amazon Local Register, which will compete with similar devices from companies like Paypal, ROAM and Square. Like the other products, the device works in tandem with apps for Google Android and Apple iOS, as well as the FireOS on the new Amazon Fire.
Merchants running Amazon Local Register can access the funds from transactions within one business day, though they'll be able to spend them within only a few minutes on Amazon.com.
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