Square Is Now Ringing Up Payments
Oct 25, 2010, 7:11 PM by Philip Berne
Square, the mobile service that lets smartphone users accept credit card payments with their devices, is finally active. The service relies on a piece of hardware that users plug into the standard headphone port on their phones. An app then lets users collect payments via credit card, charging users 2.75% of the transaction cost, plus a $0.15 fee. CEO Jack Dorsey, who previously helped found Twitter, told CNN that he believes this cost is in line with what retail stores pay for a similar service. The app and accompanying accessory work on Android and iOS devices.
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| Subject | Author | Date |
| Square scares me... | TDBearCT |
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| Another blow to banking | Larrys7791 |
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