IntoMobile

Breaking news, information, and analysis on the latest mobile phones and mobile technology

Open NavigationOpen Search
  • Home
  • Platforms
    • iOS / iPhone OS
    • Android
    • Windows Phone
    • BlackBerry OS
  • Hardware
    • New Hardware
    • Tablets
    • Reviews
    • Rumors
  • Carriers
    • AT&T
    • Sprint
    • T-Mobile
    • Verizon
  • Manufacturers
    • Apple
    • Samsung
    • HTC
    • LG
    • Motorola
  • Best VPNs
    • Best VPNs for iPhone
    • Best VPNs for Android

Square Credit Card Reader is Now a Go

October 24, 2010 by Marc Flores - 27 Comments

Share on Twitter Share on Facebook ( 0 shares )

You may already be familiar with Square, the mobile credit card reader for your iOS or Android device, but here’s a quick run down of how it works. You download the Square application and the company sends out a small dongle which allows you to receive payments via credit cards. Pretty simple. Now it’s open to all.

Here’s what we reported back in May when it started making a splash:

The system involves a small dongle that plugs into the headphone jack of the iPhone or iPod Touch and this is used to swipe acredit card. The app then securely sends the information over the air and the end user has to sign the device with their finger to complete the transaction. A receipt (with optional geotagging) is then sent to the customer via e-mail or SMS and funds are withdrawn like normal.

Pretty convenient, right?

Jack Dorsey, who co-founded Twitter, leads this project and recently tweeted, “The doors are (finally) open @Square & we’re going big.” Indeed, this will be huge in the way individuals and smaller business deal with transactions. While Square will naturally be taking a percentage of transactions, it’s much smaller than what you’d have to fork over in setting up a traditional POS terminal.

Mashable reports:

Combined with the Square mobile app, the reader can take credit card payments. Merchants are charged 2.75% of the purchase price plus $0.15 to swipe a card. There are no monthly charges or set-up fees and no contract is required.

Having no monthly or set-up fees for Square is a nice bonus in addition to the small percentage and bit of change charged with each transaction. The additional convenience should be reason enough to adopt this if you’re receiving credit card payments often.

Check out the slick little video below for one demo for how this thing can be put to use:

[Via: Mashable]

Share on Twitter Share on Facebook ( 0 shares )

Back to top ▴

Back to top ▴

Follow IntoMobile

38k
36k
4k
13k
12k

Most Recent Posts

  • iPhone No Sound: Tips on How to Fix this Common Issue
  • The newest iOS – things you surely did not know
  • Transferring money through mobile: Why digital wallets are the future of commerce?
  • Review: Shine laser light Bluetooth headphones
  • Neptune Suite smart watch with phone and tablet screens killing it at Indiegogo

Get Updates Via E-Mail

  • This field is for validation purposes and should be left unchanged.

About IntoMobile

  • About IntoMobile
  • Contact IntoMobile
  • Send us News Tips
  • Privacy Policy

Social Links

  • IntoMobile on Facebook
  • IntoMobile on Twitter
  • IntoMobile on Google+
  • IntoMobile on YouTube

Copyright © 2006-2021 IntoMobile. All rights reserved.