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For merchants that want a printer and a barcode scanner, receiving the terminal reader for free is important, says Todd Ablowitz, president of Centennial, Colo.-based Double Diamond Group LLC. But the swiper has several limitations, such as it will not fit every type of phone and does not fit the newest version of the iPhone, Ablowitz says.

Moreover, other companies offer mobile payment-acceptance devices and services for much lower costs, including free readers and no monthly fees, Ablowitz notes

Payments Source, March 9, 2011