What Is Square?
Square is an amazing application for the iPhone, iPad and Android that allows users to accept payments anywhere directly from their smartphones. This application comes bundled with a small magnetic strip reader for swiping credit cards that you plug directly into your device’s 3.5mm headphone jack. After downloading the app and signing up online you can get your own card reader sent to you for FREE! Square works anywhere a cell phone signal is present, and can even work without the card reader if you don't always have it on you.
While everything about Square is amazing, and nearly all of it is free, there are a few expenses you should be aware of before you join the party. Every time you swipe a card it costs 2.75% + $0.15 or 3.5% + $0.15 when you key-in the information without the card reader. While those fees may add up quickly on large purchases, we found this to be quite a modest price for such an amazing service. Compared to its competitors, Square is actually a much more affordable service.
How Can Your Business Use It?
In all honesty the business applications for this device are endless. In the near future I foresee Square beings used by everything from startups to street vendors, babysitters to bar tabs. Square is certainly every traveling salesman and small business owners dream. This great service can even help track sales with receipts. Not only does it keeps track of all your transactions in an online control panel, it provides the option to send the payee a receipt via email. Best of all, there are no limits to the amounts you can accept whether it be $1 or $10,000.
How To Get Your Own Square
Getting your own Square is about as simple as using it! To get started, head over to your smartphone's mobile app market and download the Square app. Once you get everything set up, head over to SquareUp.com to create an account and request your own Square credit card reader which is sent to you for free! (Originally it seemed the wait for the Square device was quite long, but I got mine in under a week.) From there you can link your Square account to your bank account of choice and once approved you are ready to start charging! If you are concerned about safety, rest assured knowing Square meets and exceeds all industry standard security practices and compliance requirements.
This amazing app is certainly one of the coolest things we have seen come out for mobile market recently. It is really catching on and soon to be changing the way business is conducted everywhere....and we really mean everywhere! Comment below and tell us where would you like to see Square being used? Check out Square and let us know what you think about their service, or if you already have one, what are your thoughts?