Want to start accepting credit cards for your clients but don’t know how to get started? Try Square. It’s insanely hot, and inspired this whole new series!
Square includes a free card-reader that plugs into the audio jack of your iPad, iPhone, or Droid. You swipe a card, plug in the charge, snag a signature using your touch screen, and voila: instant payment.
Instead of paying monthly fees for a merchant account and going through what can be a painful and annoying setup, Square dings you 2.75% per transaction. That’s a premium, but still less than the typical Amex premium retailers put up with.
Note: Make sure you know your ethics requirements surrounding trust accounting and credit card payment!