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Flint Mobile swaps card reader for camera

Christina DesMarais | Oct. 14, 2013
In addition to the scan-instead-of-swipe differentiation, Flint is more social than some of the other players in the mobile payments space.

As for transaction fees, Flint is in the ballpark of what you'll pay elsewhere. Flint charges 1.95 percent plus $0.20 per transaction for debit cards, or 2.95 percent plus $0.20 per transaction for credit cards. In comparison, Square charges 2.75 percent per swipe; Intuit GoPayment is either $12.95 a month plus 1.75 percent per swipe (but if you don't pay the monthly fee the fee jumps up to 2.75 percent per swipe); PayAnywhere is 2.69 percent per swipe; and PayPal Here runs 2.7 per swipe.

Flint generally pays out transactions minus transaction fees within one to two business days.

Goldfarb says the Flint app has been downloaded from the iTunes store about 150,000 times and an Android version will be released "very soon."


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