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Mobile Payment for a Small Business.

by emckeown 17. May 2010 19:47

Accept payment everywhere with ‘Square’. If you have an iPhone, iPad or Android,

you can now accept credit card payment anytime, anyplace.

How does it work? Well, when you sign up with Square they will send you a credit card reader (for free) that you then plug into your audio jack. Now, you can swipe any credit card and get credit card payment anywhere that you are.

According to Square, it is both safe and secure and their fee structure is less then other vendors. There is no monthly charge, just a transaction fee which is 2.75% + .15¢ if the user swipes the card and 3.50% + .15¢ if the user keys in the number. The additional fee, according to the company is because the latter is a slightly more complex process.

I think this is an interesting company and the perfect solution for a small business or individual with a smart phone.

check out their getting started page. https://squareup.com/get-started

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