Payleven launches Chip & PIN mobile payment solution for European merchants

BERLIN: Payleven, a mobile payments company in Europe has launched its innovative Chip & PIN solution across Europe. Paylevel’s solution is fully compliant for all major debit and credit cards including Visa, V-Pay, MasterCard and Maestro. With EUR 49 (RM203.42), merchants can purchase a device during the introductory period and only pay for transaction fee of 2.75% of the transaction value for the solution. Payleven said there are no minimum revenue amounts, no monthly fees and no hidden costs.

According to Payleven, Chip & PIN offers the same level of security as a traditional card terminal, with full EMV Level 2 and PCI certification. This provides merchants the highest security standard in card payments whilst being fully mobile, more flexible and convenient than traditional card terminals. As result, merchants have the maximum level of fraud protection compared with non-PIN solutions.