An easy way to accept credit cards?

Have any of you guys heard of the Square credit card reader? It’s a little credit card reader that plugs into your iPhone/android phone and lets you take credit card payments with just your phone. No monthly fee, no commitments. You just pay 15 cents per transaction and 2.75% of the transaction amount. I just signed up for an account and they mailed a free credit card reader. I just have to download the corresponding app.
I happened to see an article about it in Bloomberg Businessweek and decided to check out their website.
Here is an article about it form PC magazine http://www.pcworld.com/businesscente...d_of_cash.html
Here is there website https://squareup.com
Everything about it seems legit. The guy who started this company is the co-founder of twitter. To me this seems like it would be perfect for a small time BP breeder. Really perfect to have when vending at a show. What do you guys think?

I've heard good things about that square from people that use it.

I think it's a good idea. A lot of vendors at shows take PayPal as well.

keep us updated on how it works adn if you like it!

Please let us know how this works out for you. It sounds like a great little gadget to get. Reptile vending, craft vending, photography, etc. Super awesome.

I've heard good things about this too. Recently signed up, waiting for the mail.

Sounds like a great gizmo to have so your not lugging around a laptop or big card reader. How do you handle the 2.75% fee? Would you just absorb the cost or tell buyers there is a credit card fee and charge it to them? I couldn't imagine charging some one for a small transaction but what if you sell an animal in the 2k+ range?

I use it. It works very well!

The only downfall is having a good smartphone, and connecting all of your accounts etc.

It takes 30 days to get all of your money into your account, however.

The first $1000 gets transferred immediately, and the rest in 30 days.

If you are patient, it is a great tool.

EDIT: And the 15 cent charge is no longer being charged as of this past week.

I ordered one for my IPAD. I figure it could be handy for anything even beyond snakes sales. Like people would buy so much more stuff at your yardsale if they could pay with their card. Craigslist sales! I could pull it out next time one of my daycare parents say "oh I forgot my checkbook, I'll pay you next time". That has gotten really old :mad: . It looks to me like the rate is similar to Paypal fees and I use that for all of my ebay sales. So it looks fairly affordable to me.

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Originally Posted by lusciousdragon

I ordered one for my IPAD. I figure it could be handy for anything even beyond snakes sales. Like people would buy so much more stuff at your yardsale if they could pay with their card. Craigslist sales! I could pull it out next time one of my daycare parents say "oh I forgot my checkbook, I'll pay you next time". That has gotten really old :mad: . It looks to me like the rate is similar to Paypal fees and I use that for all of my ebay sales. So it looks fairly affordable to me.

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Yeah from what I read it looks really simple. They just recently changed the fee to a flat 2.75% for swiped cards.

Keep in mind when mentioning things like yard sales, most people don't claim money made from things like yard sales in their income taxes. By accepting the credit card payment you are creating a paper trail and may need to account for that come tax time.

The $1000 weekly limit seems a bit excessive, but their logic of wanting to ensure that your account can cover chargebacks etc, makes sense. I suppose this is the trade-off for not having to have a merchant account and terminal fees, etc.

Yeah from everyone I have talked to and read about this service, they say it works very well. I will find out soon for myself just waiting on my square to get here. I think it will be a great tool especially for shows and online sales as well..

Got our Square yesterday, ran a test transaction. So far so good.

very cool. but american only. boo. Need a canadian version :(

Doesnt support my Samsung Moment:mad::mad::mad:

Just to give anyone who's interested a update I have been using the Square device for a few weeks now and so far I love it. It will deposit the money from the transaction directly into your bank account and email or text the customer a receipt.

Just received my square this week.

My phone isn't officially supported, but the droid OS is. I'll be running a test transaction or two next week.

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Originally Posted by cinderbird

Just received my square this week.

My phone isn't officially supported, but the droid OS is. I'll be running a test transaction or two next week.

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The android OS is supported but if you do not have a supported device their customer service will not help you if needed.

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Originally Posted by PitOnTheProwl

The android OS is supported but if you do not have a supported device their customer service will not help you if needed.

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Yes I read that in their user agreement :) it was "use at your own risk" basically. The Droid2 is my phone, the Droid is supported and since they are adding new phones to their "pool" I'm in good hopes that my specific phone will be supported officially, eventually.

Okay, it has been 6 months an no updates?
How are we liking this?
Now it works with ANY andriod device, its even in the market.:D

I like it. I have had it a while but have only needed it a few times. Easy to use and you don't get charged if your not using it (no monthly fee, etc.).

We haven't used it yet, but it came in the mail in less than a week.

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Originally Posted by LadyOhh

It takes 30 days to get all of your money into your account, however.

The first $1000 gets transferred immediately, and the rest in 30 days.

If you are patient, it is a great tool.

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Looks like this has been changed.

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When you accept payments by swiping cards with the Square card reader, we deposit all of your sales into your bank account each evening. If you accept more than $1,000 in card-not-present payments during any trailing seven day period, Square will defer depositing the amount in excess of $1,000 for 30 days. This limit does not apply to swiped payments.

If you foresee yourself primarily using manually entered transactions or if you notice held payments, write in here. We'd be happy to increase your deposit limit to an amount that works with your business.

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https://help.squareup.com/customer/p...articles/11863

I just signed up for ProPay for my Mary Kay business' website. The fee is $40 a year. You can get a card reader for iphones and android phones for $40-50 or a card reader for computers for like $80 (I think). There is a transaction limit of $450 and monthly limit of $1,500 and you can request an increase but it didn't say how much. Also they offer a free Mastercard to easily withdraw money from the account or use it to pay bills or buy supplies/inventory which I thought was pretty cool. You can add a bank account to withdraw the funds into as well (no $ limit on that). I'll have to check back here to let all of you know how well it works.

http://www.propay.com/


Per Swipe Fee %:

http://www.propay.com/products-servi...chant-account/

Use Squareup myself so far I really like it..You can swipe or enter the card info. You can link multiple devices to one account and keep track of which device did which transaction and when. Even allows you to preload inventory with pics or take pics on the spot of sold items. It allows you to attach these pics to a predesignated receipt. I really like it so far for shows or on the spot transactions..

I got an intuit card reader ... seems like the best option imo. There's the limit per month before the small monthly fee, but I don't see any other restrictions. Takes 2-3 business days to get money I think.

Since I posted last month I have done almost $1000 in sales from cards this month through the square app. 2 sales were BP's in the $400 range and another 4-6 were lower dollar cornsnakes. Without square I would not have made those sales and the 2 shows I did would not have been as nice.

ok I know square doesnt screw around. I signed up and had my reader in 3 days:O
I havent linked an account yet nor do I plan to use it any time soon but its nice to know I can use it when ever I want:gj:

My mom has one for her in-home hair salon business. It works great. No monthly fees.

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Originally Posted by Freakie_frog

Use Squareup myself so far I really like it..You can swipe or enter the card info. You can link multiple devices to one account and keep track of which device did which transaction and when. Even allows you to preload inventory with pics or take pics on the spot of sold items. It allows you to attach these pics to a predesignated receipt. I really like it so far for shows or on the spot transactions..

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I have been using square for a while and it is the best option for those who dont do credit card transactions on a daily basis. For all the reason stated above it is great for shows, and there is no waiting for your money....