Square Begins Sending Free Card Readers for Mobile Payments
May 11, 2010, 4:22 PM by Philip Berne
In what founder Jack Dorsey called "another phase of our rollout," Square today announced it has started distributing the free card readers that are necessary to accept credit card payments with its mobile app. Square clients are now available for the iPhone, iPod touch, iPad and Android devices. Square is also starting to manage its own credit card processing. Though Dorsey's letter on the Square Web site seemed to indicate this would be a soft launch, clearly the mobile payment service is open for business.
I read this yesterday and the comments sections suggested that this device could actually be used to skim. Hope I'm not using the term skim incorrectly. Basically this device could be used for scams, and this isn't
Just imagine the possibilities...
BTW if you haven't realized yet, I think this is a terrible idea.