Digg’s Kevin Rose is the newest investor in the Square iPhone payment system unveils by which you can accept credit card payment using iPhone. The combination of credit card readers and the iPhone could soon mean almost everyone can take credit cards, from hot dog stands to homeless people begging for change.
A cool new startup has come up with a handy dongle-plus-app combo that lets you authorize, accept, and process credit card payments anywhere, directly on your iPhone.
On his blog, Kevin Rose posted a video where he gave a demo of a new credit card system Square, a company that is releasing a credit card reader/iPhone app combo and that Rose is an angel investor in.
The process is simple enough, using an accessory which will connect to your iPhone using audio input jack just swipe the card you want to charge and then an app takes information from the swiper, and transmits it out for an actual credit card payment, with a finger doing the signature.The app, as Kevin says, will even upload GPS information, so you can make sure that payments are happening in the right place. Square is going to launch it’s beta version shortly this year.
Unfortunately, what he doesn’t mention is the actual price to get payments up and running. Square’s website says that there’s “no contracts, monthly fees, or hidden costs,” but they’ve got to pay for the system somehow, so you’d expect there to be a fee for setup, for the accessory, and then a fee per charge through the system, but we haven’t heard what any of those will end up being yet.
The device is tiny and very portable. It will be interesting to see what role the iPhone plays in our march to a paper money-less society.
Accessory maker Mophie also recently announced their own iPhone card reader, the Mophie Marketplace. Their device attaches to the bottom of the iPhone (Square’s uses the iPhone’s headphone jack).
Source: AltafSayani.com, 901am.com, iPhoneFirmware.com, ArtOfTheiPhone.com, Geek.com
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Hello all . First off wonderful page . I loved reading your post.Thought I’d tell u, I voted your blog up at digg . Have a good one
Thanks dude
What do you think of the iphone? personally i think its great but sometimes can be fiddly lol. especially as i have bigger fingers haha. anyways great blog by the way. so glad i found it. http://www.freepaygiphones.com
A company is releasing a credit card reader/iPhone app combo and that Rose is an angel investor in. Thanks for sharing this information with us.
it’s very interrested where i can use this all time or not ????
This is really nice information regarding to iphone. I have iPone4g and It is really nice smart phone by apple. There are so many application in my iPhone 4g mobile. But I don’t use iPhone as credit card machine.
Hi,
Thank you so much for the video. I think there is no need of carrying money or credit card with you all the time. An iPhone can do all the work. I would buy and iPhone as soon as possible .
In my opinion, Instead of using iphone, you can use android for use credit card repayments. I know that iphone is good but android’s app is so great. Many peoples would buy android as soon as possible.
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This is quite interesting to know. So many new devices are coming in the market. This one is just too good. Our personal credit card reader. I am going to share with all my friends.
The process is simple enough, using an accessory which will connect to
your iPhone using audio input jack just swipe the card you want to
charge and then an app takes information from the swiper.
This is ace! Nice one, & also rather like what’s ran
through my brain when I’ve been stood in that iPhone as credit card machine.
Hey very informative blog.. Credit card can be used by mobile..Its really great to know that company is releasing a credit card reader/iPhone app combo.. This will definitely rock..
well, i take it this could really happen, but i definitely doubt if this is available now.. at least hold uppers or snatchers would have less opportunity to do their thing if everyone’s only bringing cards, but hackers/scammers get the chance
Its really great .Thanks for sharing this video with us.The device is small and very portable. It will be interesting to see what
role the iPhone plays in our march to a paper money-less society.
wow man really awesome informative answer.
Very unique and interesting idea.
Hi,
guys, firstly thanks to all of you for giving nice comments in this superior post. Really I liked it article.
Truly an interesting idea to have one, but the problem in this concept is the security of the phones and the money itself…
good read. I would
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passages from Songs of Solomon. Some of that is pretty graphic.
i definitely doubt if this is available now.. at least hold uppers or
snatchers would have less opportunity to do their thing if everyone’s
only bringing cards, but hackers/scammers get the chance
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