Posts Tagged ‘square; mobile payments ; Android; credit card ; small business’

Consider a situation when a street hawker / cable-wallah / door-to-door salesperson / kabaadiwala / Sabjiwallah / kriyanawallah (mom and pop store), any such doorstep business comes to your door & you don’t have cash for payment. All you have left is a credit or debit card but ..sorry no cash. The business person,surprisingly, says that is Ok ..& then swings out his new Andriod/iphone smart phone along with a small square device with a swiping facility. He plugs that device into the phone’s jack  or usb socket and says confidently with a smile..Don’t worry we accept credit cards & debit cards as well…

Now this is something for the small businesses. How about a device which can be attached to the mobile phone & enables the small business owner to accept credit / debit cards?

Well a company called square has already developed such a device which could be a big boon for small business owners to conduct financial transactions. They have developed a card reader, that is small enough to carry in your pocket & advanced enough to do those credit / debit card transactions.

Square’s pricing structure seems simple at a per transaction charge of 2.75 % & what’s more ..they are giving the device for FREE !!  Incredible technology which can do wonders in the coming years ..Isn’t it ?