Absa Pebble, a mobile payment innovation

Absa is a South African financial and banking institution driven by innovation and providing simplistic services. One product offering bearing testimony to Absa business position and pedigree is Pebble. Payment Pebble is an innovative, high-tech device with unique safety features  which facilitate convenient and mobile payment acceptance.

This product has been tailored especially for small, medium and large business owners because it gives them the ability to accept MasterCard and Visa debit or credit card payments at anytime and anywhere through a smart phone or tablet.

The Pebble gives the user lots of flexibility because its compact and mobile which means it can be plugged into the audio jack of the compatible smart phone or tablet and once set up, it allows for immediate transaction.This convenience in transaction can happen on the roadside, at the market or even in the customer’s home. For clients who may not have a smart phone or tablet, the Pebble bundles provides the option of getting an Absa Business Cheque Account, a smart phone or tablet device and a Telkom Business Mobile contract. The pricing structure for this product is divided into Absa banking customer and Non-Absa banking customer.

The Absa banking customer monthly rental is at R50 excluding VAT for the first 12 months and R20 excluding VAT thereafter no swap outs allowed. Once off initiation fee payment pebble order at R160 excluding VAT for the first Payment Pebble and R30 excluding VAT for each payment Pebble thereafter. There is also free swap out, once off initiation fee will be charged for each swap out. Merchant services fees across all card types is at 3.20%.

Non Absa banking customer pays a monthly rental of R50 excluding VAT for the first 12 months and R20 excluding VAT, thereafter no swap outs allowed. Once off initiation fee per payment pebble order which is at R160 excluding VAT for the first payment pebble and R30 excluding VAT for each payment pebble thereafter. Replacing and returning old payment pebble involves free swap and once off initiation fee will be charged for each swap out. Merchant fees in this category across all card types is at 3.75%.

To access this product, Absa can be contacted on 0860111222.

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