- Personal Finance
Square - Transactions Made Easy
Technology is advancing at a rapid rate with new devices all the time either complicating or making our lives simpler. Although the concept of simplified money exchange is not new, the device "Square" is just making its way into the public realm. With the help of this petit device, merchants and individuals alike will be able to complete credit card transactions with little effort.
If you are the owner of an iPhone, iPod, iPad, Android or even a desktop computer you likely have the hardware needed to use this clever piece of technology. It is already available for the iPad and soon to be supported on other devices.
In the merchant's hands it is a great tool to be able to collect tips and perform small transactions. More importantly for the general public is that we could use it to sell products from our home or anywhere for that matter. Now Craigslist and garage sale transactions can be completed using credit cards from your home. The information is not stored on the device creating a safe environment for users.
Paper receipts are no more and can be emailed with the click of a button. Signatures can easily be obtained and if the client is a Square user, photo ID capabilities are available. The best part is that the cost is minimal. No service, transaction or hidden fees. The Square itself is even free! With no contract to sign and only a small percentage of each sale paid to Square for the service, this is sure to be a revolutionary way for ordinary people to make everyday sales.
From yard sales to allowance, as small as square is, it is a great concept for exchanging funds between two people. So square up and keep your eyes out for this new techy device.