There is a new application available for the iPhone and the iPad that will make it easier for companies and businesses to process credit cards on the go. The app is called "Square". From the mind that brought us Twitter comes this new application, free for the iPhone but it does requires a device that plugs in that will actually "swipe" the credit card. It will have some other features like saving recurring purchases and frequently visited clients or consumers.
The application seems geared to traveling businessmen or any one who may need to process credit card sales on the go. It has great potential for street vendors who previously could only handle cash transactions, direct sales representatives doing home parties, or any other retailer that was primarily cash only (or who had to wait until they returned home with their credit card purchases filled out on paper to enter into their computer-based credit card processing software).
Taxis will now be able to charge for the cab with debit or credit transactions, which may also add to the safety of the drivers, who are all too often targets of robberies.
People trying to make extra money at garage sales and flea markets may still tap in to the potential of the "Square" application, allowing them to sell things to people who don't carry cash on them, but have their debit or credit cards.
This is a great application for any one who is in business that would like to expand out of the cash only situation and not be limited to a store front or their computer to process payments. Flea market vendors, street vendors, livery personnel, on the road salesmen and others will see a great use out of this product. The best part is the only investment, if you already have the iPhone or iPad, seems to be the purchase of the plug-in device, as the actual software is free.
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