Aside from Square and PayPal Here, there are plenty of other companies competing for proximity-based payments, as the mobile payment pie continues to grow. This includes companies like Intuit's (INTU) GoPayment, PayAnywhere, as well as Visa and MasterCard.
The mobile payment story is altering the way people do business, whether it's the everyday person or established retailers, says PayAnywhere CEO Marc Gardner, citing the availability and affordability of mobile devices.
"The real revenue and sea change isn't in enabling the guy down the street having a garage sale to process credit cards; it's in the real established merchants and retailers, and how we will meet their needs with smart mobile solutions that are enterprise-ready but still simple and easy to use," Gardner explained, via email. PayAnywhere charges 2.69% per transaction rate, compared to Square's 2.75%.