Hip to be “Square”
7 December 2009 | 2 Comments »Do you have a business that requires you to be able to accept credit cards in a variety of places? Then you might want to be a “square”.
Square is the name of a device that is currently in development that will be a mobile credit card reader that will plug into the head phone jack of any smart phone or iPod and will allow you to process a transaction in real time.
The square actually has three parts to it. The square or credit card scanner that plugs into the headphone jack on you phone. Second the secure app that you need to load on your smartphone. According to a CNBC report they are hoping to either give away the hardware and app for free or sell it at a very low cost.
The third part is the credit card processing service. Like with your phone itself. they will give you everything you need to use their service for free but to make it work you have to pay for the service. Payment for the service looks like it will model after the traditional credit card companies, they will take a percentage of every transaction.
For more information watch the CNBC Report below.
If, they are able to keep the device under $20.00 and keep the service competitive. I can see the “Square” being a must have for business.













