Do you own a small business or are you an online entrepreneur? If so you may need a way to receive payment from your customers. It is not easy to get a merchant account these days as there are many documentation requirements and the fees that many financial institutions charge are just not practical. In fact, many of the banks will also charge you huge refund fees if there is a problem with a sale you have made. This is where Square payment processing is unique and with the square rates you can be assured of no hidden charges.
What is square?
It is a portable credit and debit card swiping terminal that you can use together with your phone or tablet. It works on both iOS and Android operating systems and is easy to use. Square is the best way for any entrepreneur to get paid for the services or products they offer.
Mobile payment systems
Mobile and contactless payment systems are growing extremely popular these days. Square is in fact, one of the oldest payment systems around. With more people using plastic and not cash for their shopping and payments, having a card terminal is necessary. You can accept all major cards including, Visa, MasterCard, American Express, JCB and many others with you use the square. There is also a bigger model that includes NFC, and you can even connect a receipt printer to it.
Who is it for?
Are you the owner of a shop or an online business? Do you have a need to accept payments on the go? If so this system is for you. It is also a great option for sales people of large companies to have and receive payments while on the go from their customers. It is easy to use and can process payment even if it is not connected to the internet.
How to get one?
If you want to get one of these payment processing devices, you can easily register online. There are a few simple questions that need to be answered, and you will have to describe the nature of your business briefly. Once you have entered these credentials, you will be sent one by mail for free.
Charges
The charges for swiping and dipping a credit or debit card are a standard 2.75% while entering a number manually will be charged at a higher rate due to the increased risk.