Credit card terminals have been around for decades and are even wireless to serve retail sales. But unless you have a physical store or lots of transactions, a terminal and those merchant agreements can be expensive and bulky. It’s overkill when you already have a powerful computer in your handy smartphone.
One alternative is to use a laptop or phone browser and manually enter sales on PayPal or your bank site. But that’s a lot of info to type and your rate is higher.
Startup Square successfully shook up the market with iPhone and Android apps, plugin card reader, and terms that any small business could love. The reader is free and there are no transaction and monthly fees. Now you CAN take credit cards even if it’s just for a few charges a month.
Gopayment is now competitive. They’ve removed fees and work with a Blackberry, which Square doesn’t.
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