NEW “Square Up” – Instant Credit Card Processing for iPhone, iPad and Droid
This works on ANY phone iPod touch or iPad Android etc… all with one device. Everyone gets an account (like a PayPal account). You can now take credit cards WITHOUT a merchant account.
Oh… and the card reader is free!
You swipe OR enter card on ANY mobile phone. Wifi or phone connection and it hits your account instantly and you transfer money to your checking like you do with PayPal. Soon they will have Square Up debit cards to use your money on your card. This was started by the founder of Twitter and has major backing from Angel investors.
Goodbye western union. Well, maybe not. But unlike PayPal, if you want someone to send you money they do not need a PayPal account. Just a credit card. But I think PayPal will be doing something similar soon I am sure. Now anyone can accept credit card with no merchant account even across the country! This is the best idea I have seen in a long time.
Learn more about SquareUp and sign up here.
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Really great video. I can’t believe how far cell phones have evolved.
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