codemobile Review - Will it be the cheapest mobile card reader on the market in 2021?

The processing of transactions is no longer tied to large and unwieldy pin systems that can only be located in one fixed place. They also know this at organizations such as codemobile. codemobile describes itself as a professional and customer-friendly organization, specially created to support small entrepreneurs in their quest for easy acceptance of different card types - of course with affordable costs. The codemobile team has converted its years of experience into a cheap, convenient and easy to carry product that can be an absolute godsend, especially for entrepreneurs who process few transactions with a high value.

And that product is called Xengo. A small debit card reader that you as an entrepreneur can take with you everywhere. Handy when your customers are largely outside the door. Proud owners and owners of hairdressers at home, for example, can have customers pay everywhere thanks to companies such as codemobile.

How does it work?

The codemobile mobile ATM is inextricably linked to the accompanying application, the Pinmobile app. This app transforms any tablet or smartphone - it can be downloaded for both Android and iOS users - into a fully-fledged cash register alternative. This is all due to the user-friendliness. Once opened, the app allows users to digitally enter the desired amount. The program then sends that information via a mobile network or WiFi to the Xengo, on which - how surprisingly - the amount appears. The customer can then pay by debit or credit card. After entering the PIN, the payment is completed. Finally, the app allows you to send the pawn to the customer by email or text message. In other words, an extremely handy and well-organized system.

If we have to mention one drawback, it is the fact that it is not possible to build something like product categories through the app. Anyone who uses the Pinmobile app must enter the product name and the amount every time. This can still be done when entering an amount, but always entering a product name can become quite annoying in the long run.

Insight into transactions

In addition to the simple operation of the Xengo in combination with the codemobile app, we are also very pleased with the other advantages of the latter. This makes it very easy to keep track of all your transactions via the app. For example, you can have the daily transactions sent to your email. And do you not have an inbox at hand for whatever reason? Then online access to your transactions is also an option. For this you use the Wordline extranet. By the way, you do have to register yourself for this.

Payouts

The payouts from codemobile take place daily on working days, so you have your money fairly quickly. We do have to mention that there is a payment delay of three to four days.

Similarities

Interested in using codemobile and the accompanying app? Then you enter into two agreements. The first agreement is concluded with codemobile itself and concerns the use of the device and the software. The second agreement is one with Worldline. This is necessary for processing the transactions.

What does it cost?

One-off costs

The one-time costs for the use of codemobile are $ 29.00. However, the codemobile website indicates that this is a temporary amount, so the amount may be increased in the future to the - according to the site - regular amount of $ 99.00. You will receive the Xengo debit card reader for this.

These one-off costs are considerably lower at codemobile than when you purchase a fixed ATM. The costs for this vary, but amounts of $ 800.00 are not rare in such a case.

Recurring costs

The recurring costs of codemobile consist of the transaction costs and the subscription costs. With an amount of $ 0.14 per transaction, codemobile is the cheapest solution if you actually want to work with such a transaction amount (some alternatives work with a transaction percentage). Please note: this amount only applies when a customer pays with a Dutch bank card from Maestro or Vpay. Does the customer have a foreign Maestro or Visa bank card? Then you pay a percentage of 1.95% on the transaction amount.

In addition to these transaction costs, you pay $ 9.95 a month for an account at codemobile. This gives you access to the indispensable app. This amount can be canceled every month.

In terms of recurring costs, codemobile is considerably cheaper than regular banks. With those parties you will soon pay costs of around $ 45.00 per month. An additional disadvantage is that you are then tied to a contract of one or two years.

What are the costs compared to other providers?

Table 1: The costs for 200 debit card payments per month of an average of $ 15

Table 2: The costs for 50 debit card payments with an average of $ 75

Also read: Buy a mobile PIN device? This is the Top 6 of 2021

Who is this the best option for?

codemobile is the cheapest provider of mobile ATMs when you do not have to process a lot of transactions, but when these transactions do have a fairly high value. This is the case, for example, if you are an independent supplier of gas boilers. You visit a number of customers per day at their home address and each time a relatively expensive procedure has to be paid. The fact that codemobile works with a fixed amount per transaction benefits you. For example, you pay $ 0.14 on a transaction of $ 300.00. If codemobile had worked with a percentage of 1.95%, you would have paid a whopping $ 5.85 for the same transaction. An essential difference, therefore.

What's the conclusion?

Our conclusion is that there is very little wrong with the functionalities that codemobile offers. The interaction between the well-organized app on the one hand and the Xengo debit card reader on the other hand is fine, although something can be done about the fact that you have to enter certain payment details every time. The insight into the number of transactions is perfectly fine, as is the fast payment.

The difference between codemobile and other providers of mobile PIN devices is in the pricing. codemobile is by far the cheapest when you want to pay per transaction. That makes it the ideal provider if you do not process too many transactions. However, when twenty cups of coffee are sent out every hour, this is immediately a lot less attractive. The conclusion is that codemobile is the best choice for those who process few transactions with relatively high amounts. In addition, codemobile is a more economical solution than a traditional ATM with a fixed connection.