[Update] Payfirma: Mobile iPhone Payment System for Canada
Update: We just spoke with Payfirma’s CEO, Michael Gokturk, who provided us with more information about Payfirma’s payment system.
Here are the details:
– Cost of Payfirma card swiper: $99+tax
– For accounts doing about $500K in volume, the swiper is free
– Fees: 2.50% + 25 cents. No annual fees or additional surcharges
– Security: all data is truncated and tokenized at the swipe and transmitted over SSL. All their facilities are level-1 PCI compliant, access to data is always 2-layer authorization, and even then card data is still truncated.





Payfirma’s app is compatible with the iPhone 3G, iPhone 3GS, iPhone 4, iPod touch, and an iPad version is on the way. It’s about time someone decided to launch a mobile iPhone payment system for Canadians!
Click here to download the free Payfirma iPhone app. You can click here to sign up for Payfirma.
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Cool. I just hope they figure out a chip&pin solution before the mandatory switch over next year.
Cool. I just hope they figure out a chip&pin solution before the mandatory switch over next year.
I think payfirma is going to get their asses handed to them in a lawsuit by Rogers due to their Rogers-like logo and use of red branding.
I really don’t know if I feel safe letting someone’s phone take my credit card information.
You racked up a million-dollar bill and didn’t tip anything? For shame.
You racked up a million-dollar bill and didn’t tip anything? For shame.
That was the max limit on my VISA!
My wife works with payfirma. If you have any interest in this company drop me a line.
As opposed to having the credit card mailed to you, potentially allowing any stranger to take it, use it, and abandon it all in your name?
As opposed to typing out your card”s information online?
My wife works with payfirma. If you have any interest in this company drop me a line.
As opposed to having the credit card mailed to you, potentially allowing any stranger to take it, use it, and abandon it all in your name?
As opposed to typing out your card”s information online?
manual payments will always be accepted regardless of the switch.
manual payments will always be accepted regardless of the switch.
Sure sure if I had a million dollar credit card I would Mac cash advance and just go bankrupt. Easy million.
Sure sure if I had a million dollar credit card I would Mac cash advance and just go bankrupt. Easy million.
Sounds cool. What are the fees like (monthly fees and percentage per transaction)?
Very competitive. In most cases better than the the competition. If you are interested they do a side by side comparison and consultation for free. They should be paying me for this. In any case if you want more info let me know and I’ll put you in touch with the right person to talk to.
umm just an obervation.. but plugged ito headphone jack…
umm just an obervation.. but plugged ito headphone jack…
umm just an obervation.. but plugged ito headphone jack…
Add to the fees: minimum $15/month charge to Payfirma. So, if you don’t generate $15/mo in revenue to Payfirma, that’s what you are charged. This is not Square.
Wow. 15 dollars. That’s a lot of money. Lol. Another thing to consider is they are on this coast.
Wow. 15 dollars. That’s a lot of money. Lol. Another thing to consider is they are on this coast.
By the way my JDM will eat your JDM most likely. Give you a hint. All wheel drive.
By the way my JDM will eat your JDM most likely. Give you a hint. All wheel drive.
Wow. 15 dollars. That’s a lot of money. Lol. Another thing to consider is they are on this coast.
By the way my JDM will eat your JDM most likely. Give you a hint. All wheel drive.
If your business can’t generate $15 of business in a month via credit card charges…you don’t deserve to stay alive! That’s only 50 cents/day to use this service, if you don’t charge anything in a month. Not a lot of money.
I’m guessing WRX.
If your business can’t generate $15 of business in a month via credit card charges…you don’t deserve to stay alive! That’s only 50 cents/day to use this service, if you don’t charge anything in a month. Not a lot of money.
I’m guessing WRX.
Seems legit, and cheap too, I hope bigger companies pick up on something like this. Would be neat 🙂
Hey could you send me some information, I would like to sign up.Â
Well sorry. Just trying to complete the information you provided. My professional services business generates far more than that per month, but it so far has been all cheques
I just wasted an hour of my time with this Payfirma. Their costs include minimum amount and statement fees which add up to $25/month whether you have any business or not.Â
Furthermore, I filled out the account application on my iphone and on the last step of electronic signature, it falls apart and displays a message that the iphone cannot not install flash and the whole thing odes NOT go through. So not only did I waste my time, but all the confidential info I filled out in their online system disappeared, apparently they don’t have a record of it since it did not go through and I have no idea where it went.Â
I am not pleased.Â
I just wasted an hour of my time with this Payfirma. Their costs include minimum amount and statement fees which add up to $25/month whether you have any business or not.Â
Furthermore, I filled out the account application on my iphone and on the last step of electronic signature, it falls apart and displays a message that the iphone cannot not install flash and the whole thing odes NOT go through. So not only did I waste my time, but all the confidential info I filled out in their online system disappeared, apparently they don’t have a record of it since it did not go through and I have no idea where it went.Â
I am not pleased.Â
Customer service is closed on Saturday! Deal breaker for retailers.
Customer service is closed on Saturday! Deal breaker for retailers.
They got rid of all the monthly fees and lowered the price to 1.99%!!!
They got rid of all the monthly fees and lowered the price to 1.99%!!!
They got rid of all the monthly fees and lowered the price to 1.99%!!!
Careful. Â Jason is a shill for the company.
I’ve been in the payment industry a long time. Â There’s absolutely no way they can run a sustainable business at 1.99%. Â They’re either hiding fees somewhere, or they’re going to be out of business very soon. Â Buyer beware.
Careful. Â Jason is a shill for the company.
I’ve been in the payment industry a long time. Â There’s absolutely no way they can run a sustainable business at 1.99%. Â They’re either hiding fees somewhere, or they’re going to be out of business very soon. Â Buyer beware.
Oh and for full disclosure, I work for their competitor http://www.kudospayments.com. Â I don’t believe in hiding behind pseudonyms and aliases.
For the record, my post wasn’t intended as a competitive slag. Â I simply feel strongly that this type of shady behavior is exactly why people hate the payment industry, and it gives us all a bad name.
I have no problem recommending PayFirma. Â They have a great solution. Â We do too. Â We both service different markets – PayFirma is great if you’re looking for a traditional merchant account. Â We’re closer to Square, in that there are no monthly fees or hidden fees, but our swipe rate is slightly higher. Â Different merchants have different needs, and a rising tide raises all ships. Â With choice in the marketplace, everyone wins.There is more than enough sand for both of us to play in the sandbox. Â There’ s no need to be shady here. Let’s work together to bring mobile payments to Canada in an honest and straightforward fashion. Â
DM – get a real job. Clearly you have no idea how Interchange works so best to stay out of a market you don’t understand.
Now that their Special Offer has expired, here’s the real pricing, according to their website:
– Statement Fee (per month) $20.00- VISA & MC Rates (per transaction) 2.35% + $0.33- iPhone Setup Fee $199.00- iPhone Monthly Access Fee $27.00- Annual Fee $89.00- Card Swiper (optional) $129.00
You’d think they were a mobile phone provider with these extra costs. Whatever happened to “No annual fees or additional surcharges”?
It does turn out that the $10 fee they list doesn’t include another $30 a month in Visa/MC minimum fees. $40 a month makes this unreasonable for my business, since I’m mostly paid by check. It would be convenient to take cards like this, but nearly $500 a year worth.
sorry, but “NOT nearly $500 a year worth.”
sorry, but “NOT nearly $500 a year worth.”
It does turn out that the $10 fee they list doesn’t include another $30 a month in Visa/MC minimum fees. $40 a month makes this unreasonable for my business, since I’m mostly paid by check. It would be convenient to take cards like this, but nearly $500 a year worth.
I signed up with Payfirma and 3 weeks later still havent got thru the process. I applied for, got setup and online with a competitor in 5 days. That includes me tweaking the shopping cart. Payfirma keep sasking for info I already gave them, then asking again in a slightly different way. Strange hoops. I’ve been in business for 15 years with the same bank, spotless credit, no problems with anyone else to date. Payfirma …. looks good but so far have been time wasters.
who is their competitor? Is it Canadian?
The KudosPayments Terms and Conditions (really Pivotal Payments, do a Google search for these guys and you’ll see for yourself who you’re really dealing with) are a violation of the Canadian Code of Conduct.
For those interested in reading how Kudos and Pivotal Payments screws you, read here: http://www.kudospayments.com/tos/pt_toc.pdf
Look at the Termination section. Then look at the Contract Term…INDEFINITE!
Finally, you only get access to these Terms AFTER you buy their device so if you get turned down, you’re out $99+shipping.