According to this CNN article, Twitter co-founder Jack Dorsey has created an application called Square, which uses a free download and plastic card reader to let users accept credit card payments. The app charges users 2.75 percent of the transaction cost plus a 15-cent fee, which is similar to fees stores have to pay for accepting credit cards. Dorsey says that because no one carries around cash anymore, just plastic, this app will help create more money and more volume. The app is available for several phones including Google's Android system, Droid, Droid X, HTC Evo, Samsung Galaxy S, the iPhone, iPad and iPod Touch. Dorsey said that this app will help small independent merchants as well as fundraisers. The app is no available for download at Square's website.
Wednesday, October 27, 2010
Smartphonne Doubling as Cash Register
According to this CNN article, Twitter co-founder Jack Dorsey has created an application called Square, which uses a free download and plastic card reader to let users accept credit card payments. The app charges users 2.75 percent of the transaction cost plus a 15-cent fee, which is similar to fees stores have to pay for accepting credit cards. Dorsey says that because no one carries around cash anymore, just plastic, this app will help create more money and more volume. The app is available for several phones including Google's Android system, Droid, Droid X, HTC Evo, Samsung Galaxy S, the iPhone, iPad and iPod Touch. Dorsey said that this app will help small independent merchants as well as fundraisers. The app is no available for download at Square's website.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment