card.io, a mobile commerce company founded by two former AdMob employees, Mike Mettler and Josh Bleecher Snyder, today announced their first consumer app: Card.io payments app allows anyone to accept a credit card payment simply by using the camera on their phone, with no extra hardware needed. The app experience is simple and clean: download the app (available for both iOS and Android), sign up with card.io, hold a card up to the phone camera, and that’s it – there’s no swiping or typing. “Most consumers don’t have separate hardware to swipe a credit card, so we built this app for them” said Mike Mettler, founder of card.io. Mettler continued, “Whether you’re splitting the bill at lunch, paying a friend for gas on a ski trip, or buying a couch on craigslist, card.io payments is the fastest, easiest, and most secure way to accept payment.” There are no setup or monthly charges, and you only pay fees on a successful purchase. Pricing is 3.5% plus $0.30 per transaction, and payouts can be made to PayPal or your bank account.
Card.io is also announcing the availability of it’s Mobile Payments SDK for iOS and Android. Since the company previously launched a Scanning SDK for iOS in June and Android in September, over 160 apps have integrated with card.io. The company’s new offering, available for both platforms, allows developers to not just scan a credit card, but to process that card using card.io’s one-stop payment solution. “Developers kept asking us to take more friction out of the payment process” said Mettler. “With our new SDK, you don’t need to worry about merchant accounts or payment gateways because the Mobile Payments SDK is a full-stack payments solution. Developers sign up with card.io, download the SDK, and start monetizing.”