I don’t think Apple had a clue when it launched it’s iPhone that it would be releasing about 5 million wireless credit card machines into the world! That’s exactly what they did.

The sleek phone has been turned into an iPhone credit card processing device. It’s quite simple on how it works. Basically you need three things to process credit card transactions through your iPhone.

1. The ProcessAway software ($19.99.. www.processaway.net)
2. An Authorize.net Account (Free License… www.processaway.com)
3. An iPhone Merchant Account (Free Setup… www.processaway.com)

The ProcessAway iPhone Credit Card Terminal is a Mobile Processing Solution made just for your Apple iPhone or iPod touch!

The ProcessAway Software is an application that converts your Apple iPhone or iTouch into a wireless pos terminal.

ProcessAway allows you to accept credit card payments at your office or anywhere you have an Edge, 3G, or WiFi connection. You can process anywhere you can get a signal on your iPhone such as conventions, street fairs, antique shows, mobile detailing, on-site consultants, handymen. the list is endless on who could benefit by offering the convenience of accepting credit cards on the spot and the piece of mind getting immediate authorization for the charges.

The ProcessAway application works with 3G, Edge or WiFi… Wherever there is a connection available, your iPhone or iTouch is ready to process charge card transactions.

The ProcessAway Software works through the Authorize.net gateway. ProcessAway.com even offers to give you your Authorize.net license with no setup cost (with a merchant account). The iPhone Merchant Account is one of the best parts of this whole system. ProcessAway.com offers a no setup merchant account, with a fast setup with low, extremely competitive processing rates.

If you want to be one of “cool guys” on your block… use you iPhone merchant account to process your customer’s credit card payment. The first time you pull your iPhone out of your pocket and ask for your customer’s credit card, just watch the look on your customer’s face. It definitely has the “cool” factor on its side. This whole program is much more than just a toy.

Real business owners are using their iPhone to conduct real transactions. The ProcessAway software utilizes the Authorize.net gateway as it’s “processing engine”. Authorize.net is was one of the very first payment gateways. Today they have one of the largest customer bases of all payment gateways. They are continually releasing new and innovative tools to make their payment gateway even more powerful. One of these tools has been their API. The Authorize.net API is what allowed ProcessAway to to develop it’s application and allow the millions of iPhone (and iTouch) users to turn their phone into an iPhone credit card terminal.