we like to play the Innovation card

There’s Nothing Square about the Square

What if you could swipe a credit card on your mobile phone to accept payments anywhere anytime? Accept signatures on your iPhone and have the receipt emailed to you? Toss your expensive and clunky credit card processors onto the junk heap and get digital. Accept payments from your friends, at trade shows or events, even donations to your cause. All with a digital paper trail and instant transactions. Buyers can even register with Square and have a photo display on the vendor’s screen to stave off fraud.

Is it safe?
According to Jack Dorsey, founder and creator of Square (he also founded Twitter) transactional data is is safely encrypted and even the phone number and mailing address in your profile will be safely stored remotely. Your card or personal info is never stored on the phone or the device itself.

Do you have to have an iPhone?
Nope, any device with an audio jack will work. Your mobile phone can process the transaction too.

What else?
When you create a square account some information will be recorded and can be passed on to the vendor. For example you could join a virtual frequent shoppers club. Square can track the sales for you. No more pesky punch cards.

Give a penny back
Square will donate a penny from each sale to a cause of your choice.

What does it cost?
So far it’s looking like it’s free. No monthly fees, no contracts, no hidden costs (says the web site). Even the device itself is free. Just like Twitter. How cool is that? Learn more and sign up for your own Square on their web site.

What do you think about the Square? We’re going to talk about it Monday Dec 14, 5 PM PST. on the Gamechanging show. Join us.


December 4, 2009 - Posted by | post |

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