Square is here! Square let's anybody be confident and capable of accepting credit cards anywhere! This is great news for small and large business owners. Users pay no monthly fee to use this service, like many other credit card services such as Verifone, and offers a flat fee of 2.75 % per swipe. Seasonal companies will no longer have to worry about year round credit card services they don"t even use. Square sends all of it's users a free iPhone /Android compatible dongle which hooks to each devices headphone jack. Users launch the Square app and set the price for the item they are selling . Shortly after, users can write a description or take a picture of the item they are selling. This can all be sent as an invoice or receipt to the buyers email. Buyers are then prompted to swipe and sign with their finger shortly after. One does not have to even own a business to use it. One could even use it in a small garage sale. As cool as this is, there are social and ethical implications to this. Drug dealers and prostitutes could get a hold of this and make fake transactions for illegal goods and services. The Square service is easy to obtain requiring merely a social security number to get started. Technology is scary! -V.F
Victor, I agree with you. This could definitely lead to some problems. Imagine how easy it would be for a dealer to do business if they have the 'square' on them. In today's society, this product would ultimatley fall into the wrong hands and crime such as deals, fraud, ect.. would come from this device.
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