They’ve had similar technology in Japan and other countries for years… but is this the future of Point of Sales purchases in North America?
Square Payment System has created a device that will plug in to an iPhone, iPad, or Android and allow a merchant to take payments on it. Best part? You don’t need a merchant account to get started. Square Payment Systems will take the payments for you and then charge you a fee of 2.75 percent plus a 15 cent surcharge.
So next time you order pizza, don’t be surprised if you find yourself swiping your card on a on an iPhone, iPad, or Android phone instead of a mobile debit/credit machine.
Check out the video above for an example of how it will work.