|Review by odie||posted 07-14-2011 10:14 PM||4507 views||19 times favorited||29 comments|
- Square Accept Credit Cards With Your iPhone and Square
- Brand: Square | Category: Other
I’ve seen this advertized today on LumberJocks’ pages. I’ve been using it for 2 months and absolutely love it. If you’ve read my blog “So you want to go pro” I complained about the outrageous costs for accepting credit cards. Square is a new company that has NO monthly fees as all other companies do. This uses a card reader (they supply for free) and your iPhone. Compare my experience below:
Old Credit Card Company
$56.29 / mo. if used or not
All cards had different fees including extra for rewards cards (1.5% to 3.5%)
Credit Card machine on loan ($15.00 / month for wireless air time.
I was only able to accept Visa and Mastercard (Others were a hassle).
$0.00 / NO monthly fee
If cards are swiped the fee is 2.75% / keyed is 3.5% + $.15
The card reader is free and plugs into your iPhone earphone jack
I am able to accept Visa, Mastercard, Discover, and Amer. Express.
The old company would deposit the full amount charged into my checking account within two days. At the end of the month they would go into my account and take out their fees.
Square deposits amount charged, minus their fee, into my checking account within two days. They do not go into my account at the end of the month.
If you’re a small business and wanted to accept Credit Cards, this is a great way to go.
-- Odie, Confucius say, "He who laughs at one's self is BUTT of joke". http://woodstermangotwood.blogspot.com/ (my funny blog)