[Update] Payfirma: Mobile iPhone Payment System for Canada

By Gary Ng on June 19th, 2011 54

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.

We’ve seen the mobile payment solution Square have amazing success in the USA. Being able to accept payments right on your iPhone opens up possibilities for small businesses and other entrepreneurs. But what about a similar mobile payment system for Canadians? Get excited, because Vancouver-based Payfirma is doing just that.

Payfirma launched their free iPhone app the other day, allowing for major credit payments to be entered manually, or swiped with the optional card reader. It’s the first of its kind in Canada.Transactions are in real-time through Payfirma’s secure gateway, and no information is stored within the app or the card reader. There’s an option for auto-calculation of tips, pre-authorized payments, and even refunds. Customers can then sign right on the screen, and receipts emailed instantly showing transaction details and the signature.

If you download the app, you can test out the demo immediately. The app is secure, and really easy to use. Payfirma, along with their Fintech Development Team have made a well-thought out app. It shows because they just signed a deal with Sutton Group – West Coast Realty to use Payfirma’s payment processing solution for their 1700 realtors.

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. Let me know if this is something you might be using!

Founder and Editor-in-Chief of iPhoneinCanada.ca. Follow @iPhoneinCanada and on Google+. Click here to save 20% OFF at ZAGG.com with coupon 'iphoneinca'!

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  • Me

    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.

  • MP

    who is their competitor? Is it Canadian?

  • Fitz Sullivan

    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.

  • Fordomatic69

    I only sell Amsoil in the Summer to my motorcycle riding club and am getting dinged $40 per month in fees because I am not selling in the winter ($15 for MC, $15 for Visa and $5 X 2 for not selling).  I decided to cancel the service and they want $350 to cancel.  Anyone who decides to not use the service is going to get dinged $350 to cancel!!!  Inquire for yourself.

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