New Point-Of-Service Credit Card System
Everyone’s experienced what a hastle it can be to deal with a business that doesn’t accept credit cards, and small business owners are aware that only accepting cash and checks can turn many customers away. However figuring out a point-of-sale credit card system for services on the go can seem pretty impossible.
If you’re in this dilemma check out Square, a credit card reader that plugs into iPhones, iPads and Androids. Created by Twitter Co-Founder Jack Dorsey, the device is free and the company charges a 2.75% per transaction fee.
With devices like Square many of the 26 million businesses in the U.S. that don’t accept credit cards now can, imagine the effect products like Square could have on the economy.
Currently companies like PayPal, American Express and Visa are working on comparable devices. If your business is being held back by mobile payment issues, check out Square and similar products on the market