Square App Processes Credit Cards
May 9, 2011 by Mary Ellen
Tired of refusing credit card orders?
If you’re a small business owner looking to accept credit card payments, get ready for a revolutionary device that lets you swipe credit cards with your phone.
Pay with Square is an iPhone (as well as iPad and iPod) and Android app that revolutionizes the payment process, making it mobile, paperless and painless.
For 15 cents per transaction plus a 2.75% fee, Square modernizes transactions, even allowing for tips or sales tax.
I learned of Square and applied for the free credit card reader in April. The device arrived almost immediately and I approached setup with trepidation, expecting a technical hassle to get it running.
Instead, setup was a non-event. I followed the simple instructions, downloaded the application, established my bank account, and waited for verification. Two days later, Square made two small transactions in my account and I was approved. Thus reassured, I launched into the first transaction.
Again, Square made it easy to process a charge. I had the option to take a picture of the product/service and receive an email or a text receipt, both of which I did.
My customer received an immediate email with my picture (the default if a product picture is not included) and the charge, along with a Google map that showed where the transaction took place. The receipt was complete and included an online viewing option. My confirmation from Square read like this:
Hello, Merrigan Group LLC.
You accepted $5.00 from a card ending in 7083.
You can see more about this payment at https://squareup.com/payments/_______
As of this payment, your Square balance is $4.86.
I used both a Visa and an American Express to make my two test charges on the same day. Both went through quickly and easily. The monies were transferred to my account within two days.
Hello Merrigan Group LLC,
Thank you for using Square! We have initiated a $9.72 credit to your ________ Credit Union account. The funds will be available in 1-3 business days.
Along with my free Square reader I received a nifty sticker for display. I merely attached it to a stand to advertise I accept all forms of credit cards.
I already had a PayPal account set up. One of my ‘tests’ included checking to see if it was more difficult to initiate the Square process without the advantage of PayPal. The answer was a resounding no. Once again, Square made it relatively easy, even for someone with little online experience.
Since the initial use, I’ve accepted several payments and told dozens of friends about Square. What an awesome tool for the mobile professional. Think authors, photographers, crafts-women, attorneys, consultants, food cart operators, etc., etc. Anyone could use Square – anytime, anywhere.
Other forms of mobile payment exist. A recent blog post from iLounge covers Intuit’s option, for example, and offers a detailed review of Square.