Home › News ›

Square Is Now Ringing Up Payments

Oct 25, 2010, 7:11 PM by Philip Berne

Square, the mobile service that lets smartphone users accept credit card payments with their devices, is finally active. The service relies on a piece of hardware that users plug into the standard headphone port on their phones. An app then lets users collect payments via credit card, charging users 2.75% of the transaction cost, plus a $0.15 fee. CEO Jack Dorsey, who previously helped found Twitter, told CNN that he believes this cost is in line with what retail stores pay for a similar service. The app and accompanying accessory work on Android and iOS devices.

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

Samsung Upgrades its Wearables

Aug 10, 2022
Alongside its new foldable phones, Samsung has revealed its newest smartwatches and Bluetooth earbuds, each with significant engineering improvements. The new Galaxy Watch5 has a 13% larger battery and 60% more durable face compared to the Watch4.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

iPhone 15 Series Goes All-In on USB-C and Dynamic Island

Sep 12, 2023
Apple has revealed the iPhone 15 series, which moves to a USB-C connector and brings several key features from last year's Pro models to the more-affordable standard models. These include the pill-shaped sensor cutout in the display that Apple calls Dynamic Island, a brighter display that can reach 2000 nits, a 48 megapixel main camera, and the A16 Bionic processor chip.

Samsung S24 Series Adds More AI, Updates the Hardware

Jan 17, 2024
Samsung has unveiled its lineup of flagship phones for 2024, the Galaxy S24 series. The phones sport multiple upgrades in both hardware and software compared to last year's models.

Comments

This forum is closed.

This forum is closed.

TDBearCT

Oct 26, 2010, 3:00 PM

Square scares me...

... I am assuming that it is just a matter of time before someone reverse engineers the interface used by the Square scanner and writes an app for your local waitress or cashier to steal credit card information.

I have already had my credit card stolen twice by waiters-- one who was copying down all corporate Amex cards he handled, another who rang up $500 in convenience store charges on my personal card before I was able to cancel it. Only the former was caught, because his manager caught on to what he was doing.

Square is a good idea, poorly executed.

muchdrama

TDBearCT said:
... I am assuming that it is just a matter of time before someone reverse engineers the interface used by the Square scanner and writes an app for your local waitress or cashier to steal credit card information.

I

...
(continues)

Larrys7791

Oct 26, 2010, 8:55 AM

Another blow to banking

This could be another income blow to banking. The device seems so simple yet effective. Perhaps a little consumer concern at first but this could be huge!!
😲

justfinethanku

The credit card companies/banks are still making money with the fees and interest on the credit cards

Page 1 of 1