Square (Accept credit cards from your Mobile phone)

The co-founder of one of the most popular social networking sites, Twitter, is promoting his newest invention, Square. Jack Dorsey’s creation is a tiny device that attaches to your headphone jack on your iPod Touch or iPhone.

      Are you a businessman that hardly collects payment from customers because they don’t have cash and wants to use credit cards instead? Well, Jack Dorsey’s new invention could be the answer to this problem. How does this gadget provide solutions to a person’s business needs?

      Basically, Square is a gadget that can be attached to individual’s mobile phone. It is a plug-in attachment capable of detecting and reading credit cards so that a businessman or any individual could accept payment from anyone who owes money from them. This gadget is perfect for mobile business personalities. It is considered an excellent invention especially for people who trade from place to place. This way, payments from consumers are made easy as they can have credit card options instead of cash.

           Square is equipped with a small scanner that is attach to the audio input jack of a mobile phone. It is capable of reading information on a particular credit card whenever it is swiped. This device has excellent security system from which collected data from the credited cards are encrypted and are sent through a secure panel towards respective banks. With this gadget, mobile phone becomes more functional as it can be used not just to communicate but it also becomes very useful for business purposes. On the other hand, payers will receive receipts through emails or text messages according to which is more convenient for the payer.Businessmen may also create accounts for their valued clients so that it would be very easy for them to manage payments. This way, payment processes are done fast and easy. As expected, every transaction will have a corresponding charge that will be automatically deducted on the payer’s credit card. What’s good is, Square users won’t need contracts, monthly charges or any cost in collecting payments from cards and the plug-in attachment will also be free of charge.