Yesterday, after long delays, I finally got my Square card reader, so I thought I would put it through its paces.
What is Square? It’s a way of accepting payments from regular people using credit cards. You get this little card reader that just plugs into your smartphone.
It is dead simple. Let’s say you just sold your friend an old Ace of Base CD. They don’t have cash. You just insert the little card reader doohickey into your smartphone, punch in the sale price, and swipe his card. He signs and that’s it. You get your money (minus a small percentage) deposited into your bank account each week (up to about $1,000, beyond that they make other arrangements).
I like this service, though it might not be for everyone. I like it because it is one less reason to carry cash around, and the mechanics of making it work are pretty seamless. Plus, the equipment is as small as a single die.
Here’s a demo video of me paying myself, to show you how it works: