Last week I was in Southern California to visit a client site. While there I stopped by the offices of Sign Biz Inc and met with Teresa Young and Paul Strauch. Most of our time was spent talking about what may be of most interest to our respective customers, but we also veered off topic to discuss coffee makers and Cave Creek. It was a wonderful visit and I’m sure I’ll have plenty to share with you in future posts.
One of the items that we discussed was the Square Card Reader. I had heard about this cool device, but had never had a chance to see one in person. It can be plugged into to an iPhone, many Android phones, iPads and more. With this small device (it is less than an inch square), you have the ability to swipe a credit card and process it on your phone.
Now I don’t know if any of you have gone through the process of getting a merchant account, but I remember when Unleashed got its first account. It was a real headache and was quite expensive. You can get the Square Card Reader completely free by going to the product page and signing up. You’ll also need to download the free app for your mobile device. Have you ever tried to process credit cards outside of your office before? Once again, it has been a massive headache before this cool device came along.
With any merchant account for processing credit cards, a percentage of the sale goes to the card company. Square accepts Visa, Mastercard, American Express and Visa. No matter the card, the percentage of 2.75% which is pretty darned good. That is the only fee! Even better, the money will be put into your bank account on the next day. Most merchant accounts make you wait longer. Each transaction also triggers e-mails to you about the payment as well as notification when the money lands in the bank.
If you are a small businessperson who needs to accept credit cards, this can be a great solution. It also allows for all businesses to have a way to process credit cards remotely. There have been many times I have been speaking in front of a group of users and I had copies of my books to sell. I couldn’t process cards on site so I had to have everyone fill out a form so I could process their cards later. With the Square Card Reader, I now have a convenient way to process cards immediately.