How Square Just Grew The Payment Circle

IPhones and iPads are two revolutionary innovations of Apple which have changed the trend of using smart-phones. It is the collection of thousand different apps, which have made iPhone and iPad so significant among more than millions of users around the world. Square Card reader is one such app for iPhone and iPad, which have proved the smartness of smart-phone, once again. Online financial transaction is a common and regular practice in our everyday life. We are getting more used to with online transactions than cash or other forms of transactions. Credit and debit cards have considered as the most convenient means to carry and transfer money from one place to another. Appropriate terminal and secured gateway are the prerequisite of such online transaction. These terminals and gateways are available in many POS (Point of Sale) and ATM points, but Square Card reader application has brought this facility inside our iPhone and iPad.

About Square Card Reader

This is a handy application for both iPhone and iPad users in order to receive any payment. It is Square Inc., which has developed this application and made it available in the apps store. You will find this application available in English, Spanish, German, French, Romania, and Russian language. Square Card Reader is available under the business category apps in the iTunes store. This application has updated at 17th April, 2012, and its current version is 2.2.7. Total size of the installer package of this application is 14.7 MB. Square Card Reader is compatible with iOS 4.0 or later.

Purposes of Square Card Reader

You can now accept both cash and credit cards on your iPhone or iPad by using Square Card reader. You need to pay only 2.75% of the amount for every credit card swipe. This application has allowed electronic fund transfer by using credit and debit cards from Master Card, Visa, American Express, and Discover. You do not need to have any merchant account in order to execute financial transactions. There is no monthly fee or contract, which you need to confirm before using this application on your iPhone or iPad. You can now accept payment from anyone at anywhere by using this application. You can instantly receive money through this application. This money will deposit into your bank account within one working day.

Besides accepting payments, you can also track your sales, send e-receipt and collect taxes by using Square Card reader.

How To Use Square

Square Card reader is an easy to use application. At first, you need to download Square Card reader from Apple’s apps store and sign up for an account. You can start accepting payments after your successful sign-up. This application has maintained industry standard security protocol, which will assure you about the safety of this application.  Since this is the first application of its kind, there is little stopping the technological world as we know it from betterment of card readers and, before you know it, the cloud format will take over the payment world, leaving the Paypals in the dust.