Square Mobile Payments is Live for Android and iPhone
May 11, 2010 1:28 PM –
Here’s a bit of innovation in the financial app sector. Square, a mobile payment solutions firm started by co-founder of Twitter, has launched for Android, iPhone, iPod Touch and iPad. Think if PayPal and tiny credit card transaction devices had a love-child you’ll get Square.
The app in combination with a tiny dongle inserted into the 3.5mm audio jack of smartphones allows merchants to swipe the magnetic strip of credit cards for payments. If you don’t have the dongle funds can still be sent and received provided both parties have a Square account. This is an app initially geared at small business owners but has the potential to reach everyday consumers.
Key Highlights of Square Services:
- Works on Android, iPhone, iPod Touch and iPad
- No Merchant Account needed, No contracts, monthly fees, or hidden costs.
- Free credit card swipe dongle (with credit check and approval).
- Receipts can be emailed
- Rewards on purchases
If mobile payment solutions is something you have been looking into, this is one to try. We’ll be testing it out as we’ve been waiting for it to come out of beta for a while. Oh, we’ve placed QR Codes to scan and links to download the app above.