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  • Mobile Payment Startup Square Gets Apple Nod


    Startup superstar Square struck oil earlier today. Square’s CEO and Twitter founder Jack Dorsey tweeted the credit card reader Square provides to work in conjunction with their mobile payment app (Square) will be available for purchase in all 225 Apple stores nation wide.

    The reader, which is available for free on Square’s website, will sell for $9.95 and come in both black and white. The $9.95 price seems to be more of a storefront Apple formality as Square is offering $10 rebates to those who visit their site with proof they purchased the reader from an Apple storefront.

    The Square reader and the accompanying iOS or Android app allows owners to collect mobile credit card payments. It is a simple swipe and sign process. Receipts can be mailed to both the merchant and customer. Sales tax can even be applied to the purchase. Fees for using the program are a reasonable 2.75% if the payment is made via a card swipe and 3.5% plus 15 cents if the card information has to be entered manually. The device has become incredibly popular among small business owners and freelance contractors (like myself).

    It’s incredibly encouraging to see such a useful and business friendly tool get the thumbs up from Apple. The fact square is providing a rebate for in store purchases is even more encouraging. In an economic climate that has creditors and banks becoming increasingly unpredictable with debit and credit fees, the stable nature of Squares fees is welcome. It makes bottom lines easier to predict and budget for at the beginning of the month.

    Added bonus, no one can ever give you the excuse “Sorry bro I’m out of cash. I’ll get you back later.”

    No. You’ll get me back now.

    Sources: Twitter, Apple, IntoMobile

    Do any Modmyi members use Square's mobile payment service? What are your thoughts?
    This article was originally published in forum thread: Mobile Payment Startup Square Gets Apple Nod started by Phillip Swanson View original post
    Comments 38 Comments
    1. john2oo4's Avatar
      john2oo4 -
      This is a great deal. I'm working on starting a photo & design business and this would make a perfect addition for me. Apple store here I come.
    1. redzombi2k's Avatar
      redzombi2k -
      just got mine in the mail a couple of weeks ago, pretty cool.
    1. Razz's Avatar
      Razz -
      Got mine yesterday. Its like a mobile point of sale. This thing rocks. I do a lot of consulting and this is a great option for those slow-to-pay clients.
    1. Chris3k2's Avatar
      Chris3k2 -
      I do plan on starting a small business in the future. This looks like a great way to stay on top of getting paid no matter where you are... and best part the product is basically free for right now! LOL I wonder how much more that guy that was making 50,000 jailbreaking would have got with this.
    1. Razz's Avatar
      Razz -
      Quote Originally Posted by john2oo4 View Post
      This is a great deal. I'm working on starting a photo & design business and this would make a perfect addition for me. Apple store here I come.
      Don't bother ordering from the apple store. Just download the free app, go through the sign-up process, and at the end they will ship you the device free of charge.
    1. emtee25's Avatar
      emtee25 -
      Can't get it over here in the uk as would be very good for my business :-(
    1. Vitiell0's Avatar
      Vitiell0 -
      We use square in many of our home based and mobile iPhone repair businesses. Works amazing!
    1. RessayFlex's Avatar
      RessayFlex -
      I signed up as soon as this thing was announced, took months to get mine, but that is because they working out all the issues. I got mine back in early October of last year, and absolutely love it. I had the original card reader, and when they came out with the better one they shipped me the new one without me even knowing there was a new one...

      They have such an awesome business idea, im glad to see it taking off!
    1. Kyle Matthews's Avatar
      Kyle Matthews -
      Yup, I use this as well - the service works great. Even emails detailed receipts with location info to the customer when they make a purchase.
    1. steve-z17's Avatar
      steve-z17 -
      Mine is on it's way. This will come in handy for a side biz!
    1. Poseidon79's Avatar
      Poseidon79 -
      This is awesome! Can i haz your credit cardz pleaze.
    1. coolguy742's Avatar
      coolguy742 -
      So I get one for free? I'm not really comprehending what he's saying... (I just had my brain run a marathon in AP-calc hahaha)
    1. coolguy742's Avatar
      coolguy742 -
      Quote Originally Posted by Razz View Post
      Don't bother ordering from the apple store. Just download the free app, go through the sign-up process, and at the end they will ship you the device free of charge.
      What's the app called?
    1. one1's Avatar
      one1 -
      Back in the day we had to use Equifax service and machines and they charged a huge fee. Startup price, machine rental, etc..... ridiculous terms. You had to be at a desk with a land line connected to this huge box and system. Then came paypal.......... now comes square.
    1. mikiecw's Avatar
      mikiecw -
      We love square...the only complaint i have is the customer service. There is not a way to contact except via email (I want to talk to someone!!!) In addition you have a rolling week max of $1,000 in transactions, anything over that they keep for 30 days. I have been trying to get my limit increased, and it is a pain!!!!!!!!!!!!!
    1. ninthchamber99's Avatar
      ninthchamber99 -
      I dont even have a business but something like this makes me want to start one up!!

      Or pass this along to my friends that I know will use this.
    1. iphonerookie's Avatar
      iphonerookie -
      I use intuit's app and swiper(free). Its more durable and seems to look a LOT less like to snap off due to the shape of the swiper itself.
    1. ugshotgun's Avatar
      ugshotgun -
      The only thing new about this article is that Apple will be collecting 9.95 for something I've already gotten for free! Been having mine for about 2 months now :-) Haven't really used it much at all, but like one poster said above, no more..."dude, I don't have the cash on me!" LOL!
    1. Razz's Avatar
      Razz -
      Quote Originally Posted by coolguy742 View Post
      What's the app called?
      Square

      Quote Originally Posted by iphonerookie View Post
      I use intuit's app and swiper(free). Its more durable and seems to look a LOT less like to snap off due to the shape of the swiper itself.
      Its actually pretty durable. And it's not like I leave it in. I only plug it in to swipe a card. Then I pull it out.
    1. iphone4idiots's Avatar
      iphone4idiots -
      As people have stated, I got a reader for free back in October. The $1000 limit is a big problem, but I'm sure that will be lifted for good customers.

      BTW, if you have a big charity event having a smoking hot lady walk around with this asking for credit cards can do quite well. When she ask "How much would you like to donate?" people tend to say a much bigger number than they would write on a sheet of paper with nobody looking.