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The card reader, which will cost $49, primarily offers integration with QuickBooks and reconciles transactions automatically. Intuit Card Reader can read cards via insert, tap, or digital wallet. On the hardware front, Intuit aimed for affordability and features that communicate the status of a transaction. Features include:

An LED display that starts with “hello,” displays purchase amount, and enables tipping and payment confirmationSmart tipping tools, including the ability for small businesses to customize three tip optionsConnectivity and battery life indicatorsCompliance with mandates that require a business owner to show a total charge amount

The QuickBooks Card Reader will be paired with the QuickBooks Power Stand, which will charge the card reader and include ports for charging phones and tablets. The devices were designed by Intuit and developed with partners Box Clever, PCH International, and payments technology from BBPOS. Intuit said QuickBooks Power Stand will be available later this summer for $39. A QuickBooks Card Reader and Power Stand bundle will be $79.