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SmartSwipe is a new personal credit card reader invented by a young entrepreneur from the city of Regina in the Province of Saskatchewan, Canada.
The device seeks to revolutionize the current online payment process used by millions of online shoppers when conducting online credit card transactions, and in doing so replace PayPal as the #1 trusted method of making online credit card purchases.
The device is of high interest to owners of online stores (online merchants) due to its promising potential of eliminating the need for Payment Gateways that charge a transaction fee to process credit card payments for each purchase made on the merchant’s web store.
At this point, it all depends on the adoption rate of the new device.