So it makes sense to me that MiniMint is now being sold at Officeworks.
MiniMint comprises software for various smartphones (including Nokia, BlackBerry and Windows Mobile models, but not iPhones) that allows them to act as credit card terminals, along with the back-end service that handles the transaction processing.
It can be used with an existing merchant account or with a new one set up by Mint.
The system is provided on a subscription basis, and costs $199 for 12 months, plus 99c per transaction (each subscription includes 20 transactions). The software can automatically add that fee to the customer's account if desired.
In the basic configuration, the user keys in the card number and sale amount, and selects the card type. The customer's signature can be collected electronically if the phone has a touchscreen. Either way, a receipt is automatically sent to the customer via email or SMS.
Alternatively, a palm-sized card reader and receipt printer is available for $399.
Small businesses benefit from improved cash flow as funds are transferred to their bank accounts on the same day. Administrative chores are also reduced as transaction records can be downloaded and imported to the user's accounting software.
"The MiniMint can help facilitate cash flow control by enabling secure and instantaneous transactions anywhere and anytime, meaning less time wasted chasing payments and more time spent earning revenue," said Sandy Young, business machines and technology buyer at Officeworks.