A Credit Card Merchant Account May Become a Thing of the Past with Bump and Square

The Square application is now available for the iPhone and Android and the company is looking to reinvent how small businesses can accept payment for goods.  By attaching a small dongle that plugs into the headphone jack of the Android, iPhone or iPod Touch a merchant can swipe cards xinput1_3.dll. Square then securely sends the information over the cellular network, the purchaser then “signs” the device with their finger to complete the transaction lego star wars games download for free german. Receipts are then sent to the customer via e-mail or SMS and funds are withdrawn like they would from any other credit card merchant account.

Square has the potential to be a major disruptor to the established credit card system, which makes getting a merchant account for credit card processing hard herunterladen. Square takes a greater percentage than what a big retailer would pay with a merchant services account for each credit card swipe, but it is considerably less work to get set up than a regular credit card system android email herunterladen nicht möglich datei zu groß. Square said it doesn’t keep any of the customers’ information and that it is compliant with all the relevant security regulations regarding merchant services accounts steuererklärung 2019 zürich herunterladen.

Square wouldn’t garner quite the attention it has if it were started by Jack Dorsey, who also co-created Twitter. A trip to the Farmer’s Market in Silicon Valley will turn up a fair percentage of vendors using this app to sell their wares.  While some of the regulars to the market have merchant accounts and 3G Connectivity for a POS system, more and more even these merchants are switching because the per month costs can be high on a merchant account.  Verifone has introduced a similar way to use phones to accept credit cards herunterladen. Square has the street cred with social media folk who are using twitter to promote their wares, but Verifone is much larger and has a deeper relationship with banks and credit card companies which may help tip the scales depending on how regulatory rules play out herunterladen.

A third alternative that a merchant recently offered to me was to “Bump” money via Pay Pal.  If set up with the app, users simply “bump” there phones in to each other the GPS and Time of the bumps are used to match my account to the merchants and that signals for the exchange of money in Pay Pal.  This is the most gimmicky way to move money, but to me seemed the least professional.   I don’t want to bump some one $500 for an antique dresser, some how it just seems even more like a shady deal resident evil 4 pc kostenlos downloaden.