Turn any smartphone into a credit card terminal via Globe Charge

Dubbed Globe Charge, the platform will allow the use of a mobile card reader with cell phones, a cheaper and more mobile alternative to traditional card terminals.

Image from: unbox

“We envision Globe Charge to spur brisk economic activity, especially among emerging business entities and small and medium business entrepreneurs. Working with our very own technology, this makes for a very promising proposition to realize revenue through card-based transactions with the use of an easy, convenient, and secure platform,” Baltao said.

The application process is quick, around a week, and Globe says their cut is lower than the one for regular POS, going as low as 2.9%, though it depends on the industry. Globe has also said that data charges will be waived for the service if you are using a Globe SIM, though it will work with other telcos, with standard data charges. You will need a G-Cash account, though Globe has said that they will transfer your funds to bank account you nominate (as fast as the next day) free of charge, automatically. As of now only MasterCard credit and debit cards will be accepted, though Globe has said that they are working on implementing Visa payments, with ATM payments planned in the pipeline.