Swipe Your Credit Card on an iPhone and Make Payments Using SquareUp
The title sounds crazy, isn’t it? but it’s a reality. Now you can literally swipe your credit card on an iPhone and it will allow you to make payment to a merchant. Now if you’re a merchant then this is a great news for you because now you can accept credit card payment without having any extra device. All you need is an iPhone and a small device which is free and explained below! This service is quite an innovative one and the good thing is : It actually works and works in a great way!
Square Up is the thing which makes this idea possible. The application is currently available for iPhone and android. All you have to do is to get a Square Up card reader which is being sent free to whoever signs up for this service. The charges are 2.75% per swipe for Visa, MasterCard, Discover and AmEx and the manually-entered cards cost 3.5% + 15ยข per transaction. It also allows you to link your bank account with it and send payments directly from your bank account. In short, Suqare Up makes each and every payment simple and magical.
Payments can be automatically sent for deposit to your bank account. So, the whole process is quite seamless. Just think, if you’re going to a concert without having any money in your pocket and just a credit card and what if you find a Square Up at the ticketing window? Wouldn’t that be great?
The limitation is that the service is currently available for US only and they’re aiming to expand it real soo. So, what’s your take on this innovative idea? can this make your life more easier as a payer and a merchant? let us know via comments below. Cheers till then.
About the Author: Rahul Banker
A 23 year old Blogger, Entrepreneur, Speaker from India. A complete geek, sports and music lover who always look to try new things. Catch me on Facebook, Twitter or on Google.
Sounds Like Amazing, Unbelievable and as you said Crazy.
I've never ever heard like this before.
Must be a cool one and I think it'll be a great one for all merchant and online payer as well.
Got something really new, and I'm gonna discuss it with my friends also.
Thanks for the share.
My recent post Angry Birds Space breaks the record: Downloaded over 10 million times in less than 3 days
I currently offer these services for businesses in the Tampa Bay
area, if you would like to try it, please contact me at 727-493-4807
That's innovative but doesn't look so appealing for now.
Talking about the Concert situation, many Ticket Counters or rather every such shop has a Credit Card Swipe machine they can use directly. So for now, it isn't the best of the practices but still, a wonderful idea.
Iphone has endless possibilities. This sounds like a great leap!