Intuit Pay, the mobile payment solution from Intuit, is launching in the UK, with a free chip and PIN device and app. This builds on Go Payment, the company’s payment solution in the US where it handles over $37.8 billion in payments annually. The solution, first mooted in November last year, is being introduced in the UK ahead of a Europe-wide roll-out. It gives the company the jump on PayPal’s new service, PayPal Here, which will not be available until the summer.

The service is offered on a pay-per-transaction basis; there is no subscription fee but instead a 2.75 per cent commission on each transaction. “Intuit Pay solves an important problem for the millions of small businesses and trades people in the UK who don’t currently accept card payments and so miss out on sales or prompt payment as a result,” says Terry Hicks, vice president of products for Intuit’s global business division. “Current solutions are either too expensive, demand long-term contracts or simply don’t work where businesses need them. Intuit Pay changes the game, providing an easy, low-cost way for anyone to accept card payments anywhere.”

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