Amazon could be looking to launch a credit card reader. This might be similar to Square’s credit card reader.
According to 9to5Mac.com’s report “Amazon Card Reader” alongside existing card readers from Square, PayPal, and Staples’ own in-house brand. The small hardware, which will likely connect to smartphones to process payments, will cost $9.99, according to the Staples internal sales systems.
TheNextWeb.com’s report says “A card reader would see Amazon come up against Square, which has software and hardware products that make it easier for merchants to accept credit and debit card payments through their mobile devices.”
So far Amazon officials didn’t comment about the reports.