Apple Starts Selling Square Credit Card Reader For iPhone, iPad & iPod Touch...
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Bill Boulware
Apr 17, 2011, 7:39:09 PM4/17/11
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Did you see this? I think it may be the cheapest thing in the Apple store and am surprised they haven't found a way to get 30% from it! All in all just proves the possibilities of iPad, iPhone, iPod touches being so widely used in every possible space even a kid with a lemonade stand (or more likely mowing lawns) and an iPod touch can use it to listen to music while working, accept payments when done, and spend what they made right back in iTunes or the App Store
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via iPhone Hacks by iPhoneHacks on 4/17/11
Apple has started selling Square’s credit card reader for iPhone, iPad and iPod Touch on it’s online store and according to TechCrunch will be soon be available in Apple retail stores. Square is a revolutionary product, which allows individuals and businesses to accept credit card payments. The credit card reader is developed by the startup [...]
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Leif Gregory
Apr 17, 2011, 8:49:49 PM4/17/11
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A friend of mine got one of these about a year ago for his business for free. He loves it and the merchant rate is pretty low. It's still technically free I guess because you get a $10 credit.
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Leif Gregory
Bill Boulware
Apr 17, 2011, 8:54:56 PM4/17/11
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You can still get one completely free if you sign up at SquareUp.com - I am guessing the majority of the $9.95 is going to Apple for selling it on apple.com and in retail stores - Square makes their money by getting a percentage of the transactions and their rates are in line with if not lower than what we pay for online transactions. We don't have a credit card 'machine' at my office, everything is done through an online merchant account. Rates vary drastically based on several factors from the type of rewards the card holder receives (IE the better the card is for the card holder the worse it is for the merchant) and for each piece of information you require for verification the rate is slightly lower for example name, address and zip code might give you 2.75% while name, address, zip, CVV code, phone #, etc might give you 2.5%...
Leif Gregory
Apr 17, 2011, 8:57:19 PM4/17/11
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Danny Walton Pimienta
Apr 17, 2011, 8:59:37 PM4/17/11
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I still have mines, it's a great service. Can't wait for them to figure out how to make use without the card swipe :).
Sent from my Palm Pre on AT&T
Leif Gregory
Apr 17, 2011, 9:01:46 PM4/17/11
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I thought I remember him saying you could manually enter in info. Maybe I'm misremembering.
Danny Walton Pimienta
Apr 17, 2011, 9:19:10 PM4/17/11
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You can, I am lazy and want instamt gratification lol. I want the screen to read a card the same way Android phones behave with NFC :)
Sent from my Palm Pre on AT&T
Bill Boulware
Apr 17, 2011, 9:50:46 PM4/17/11
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They do - I think he meant something like NFC or the cards that have the "PayPulse" in the card - I have several credit cards that have this. One of my cards even has a key chain fob that I just tap on card readers and don't have to swipe card, etc.
Leif Gregory
Apr 17, 2011, 9:51:00 PM4/17/11
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Like take a pic of the card and it OCRs the numbers? Don't see why it can't. I have DocScanner and it does a great job of OCRing text docs I take pics of. I'm continually impressed by how well it does even with oddly formatted docs like flyers and bills.
Bill Boulware
Apr 17, 2011, 9:55:08 PM4/17/11
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NFC = Near Field Communication it is like a short wave radio burst that transmits your payment day from your phone to compatible terminals. Google included it in their last Nexus S phone (and will include in all demo models going forward) and is going to be putting in terminals in major cities (NYC, San Fran, etc). The idea being eventually you wouldn't carry a wallet, your phone would have your ID, credit cards, etc all stored in it and would be able to use NFC for everything from age verification to making payments, etc.
Leif Gregory
Apr 17, 2011, 9:59:27 PM4/17/11
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I'm familiar with it firsthand. Funny how far behind the US is with Japan. Before I left Japan in 2001, I had a DoCoMo phone that I could buy sodas and train tickets with just by holding it near the machine and hitting a button.
Granted, it just ended up on my phone bill rather than charging a credit card I have.
Leif Gregory
Apr 17, 2011, 9:53:04 PM4/17/11
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Ahhh. Well, if Apple is really working on NFC like the rumors say, then maybe it won't be far away.
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