Spindle, Inc. unveiled its new low-cost payment processing and onboarding services for merchants. Available through Spindle's YowzaMerchant.com portal, merchants can sign up online and receive all the necessary approvals and back end services to begin accepting secure credit card payments in approximately ten minutes. Customers that sign up for the mobile program will also receive a no-cost credit card reader that attaches to their smartphone.

Spindle's Yowza Mobile POS payment processing rates are among the lowest in the nation. Merchants pay just $9.99 per month for the service, and just 1.75% and 25 cents for every swiped transaction through the mobile app. Keyed transactions are only 2.89% and 25 cents in addition to the $9.99 monthly fee.

Spindle offers the Yowza mPOS acceptance app on both iOS and Android platforms in their respective app stores at no cost. In addition, Spindle will continue offering competitive rates for ecommerce and virtual terminal solutions, as well as an open API set for developers and ISVs. Low processing rates are available through the Yowza suite of services, which includes a richly functional tablet POS platform that supports brick-and-mortar merchants in the retail and restaurant industries.

The solution integrates with the full range of Yowza mobile marketing services, creating a unified commerce platform for POS, payment processing, and mobile consumer engagement.