Getting paid on site with credit cards

By Fred Light
November 6, 2010
Not sure if anyone has tried this, but I've been very successfully using a new company, SQUARE to accept credit card payments on site.  

 

This company was started by the guy that started Twitter.  They send you a free square "reader", which plugs into the audio port of your iPhone.  They take 2.75% of the transaction + 15¢ per swipe.  Clients sign on my iPhone or iPad with their fingertip.  It's a pretty good deal compared to the ridiculous fees charged by banks, etc.

 

It's pretty slick...   You install a free app.  I swipe the client's credit card.  Then I take a photo of the house.  They sign the phone.  I email them a receipt with the total amount, and the address and photo of the house!    The money is transferred (less the fee) to my bank account the next day.  Simplifies my life and i get paid immediately!

 

 

More information:

http://www.tuaw.com/2010/11/06/square-card-reader-now-anyone-can-accept-credit-cards/ 

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