May 12, 2010

Square readies credit card swiping ap

SquareiPhoneIcon.jpg The Square application is now available for the iPhone and Android, looking to redefine how businesses can accept payment for goods.

Square is all about the receipt. Most small businesses make a combination of cash and card sales. With traditional paper receipts cash sales are anonymous. Square's electronic receipts let you capture and track more vital information about each sale, including location and an itemized purchase list, and also include a photo and link to your website on the customer's receipt.

As reviewed on IntoMobile:

quotemarksright.jpg The system involves a small dongle that plugs into the headphone jack of the iPhone or iPod Touchand this is used to swipe acredit card. The app then securely sends the information over the air and the end user has to sign the device with their finger to complete the transaction. A receipt (with optional geotagging) is then sent to the customer via e-mail or SMS and funds are withdrawn like normal.quotesmarksleft.jpg

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