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The iPhone Credit Card Machine, Goes Mainstream
I first saw Square’s product when Gizmodo’s Mat Honan whipped one out at a dinner in San Francisco to help us split a check. Here’s how it worked: he ran my credit card through a tiny plastic doohickey (technical term) that attached to his phone. We entered the amount I owed for the pizza, inflated by the price of a couple Belgian beers, and voila, I’d paid him with a credit card. It was a subtly impressive demonstration of the alternative payment system’s appeal to the tech-savvy. The whole thing was slick and easy, and Square’s pricing — a flat 2.75 percent of transactions — seemed a small enough price to pay for the convenience of the service.
Posted on August 29, 2011 with 4 notes
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mocus posted this
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