T-Mobile GoPoint Goes After Square And Clover In Mobile Payment Space

Posted: Mar 26 2019, 8:58am CDT | by , in Technology News


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T-Mobile GoPoint Goes After Square and Clover in Mobile Payment Space

New payment device for businesses unveiled.

T-Mobile announced GoPoint, a new mobile point-of-sale (mPOS) system. Unlike the POS mPOS solutions from Square and Clover, GoPoint offers businesses free same-day-funding with no software licensing fees and 24/7 live technical support, promisses T-Mobile.

The carrier partnered with TSYS, a global leader in payment processing, to provide mPOS software, secure transaction management and same day funding for GoPoint.

“T-Mobile is on a mission to eliminate pain points for consumers and businesses alike. When we looked at the insidious practices and never-ending fees mobile point-of-sale providers charge small businesses we knew the Un-carrier needed to step in,” said Mike Katz, Executive Vice President of T-Mobile for Business. “Not surprisingly, paying fees on top of fees and waiting days for their hard-earned money is a big pain point, particularly for small businesses. That’s why the Un-carrier is doing payments differently – with free same-day funding, no software licensing fees and 24/7 live support from real people.”

All a business needs, to accept card payments, is a compatible smartphone or tablet with T-Mobile ONE service and a GoPoint card reader. Businesses pay 2.75% for debit and credit card transaction processing and are eligible for free funding on the same day. And unlike other mPOS providers, one one account GoPoint provides up to 99 employees of the business with the tools, reporting, and insights they need to manage sales transactions, track inventory, and get analytics. More details about GoPoint are available here.

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