Square, Inc.’s Square Credit Card Reader is the future of digital payments for iPhones, iPod touches, and iPads, today. Fees include a per-transaction fee of 15 cents plus 2.75% to 3.5% depending on whether the card data was physically swiped or card numbers entered into the device on the keypad. A free iPhone app is available via iTunes Store.
Comparing Square to others, there’s no monthly fee and the per transaction and percentage fees are lower than many. Square requires a data connection, keeps track of the time and location of each transaction.
Credit card charges are transferred every week, and is limited to protect from fraud. Square is limited to US – based customers. You can, within 5 minutes begin collecting credit card payments. Bravo Square.
Who knows what Square’s next big move will be, but this free card reader, free software, with no monthly charge, is a great way for Saturday Market, mobile sales to take place.
