Square Up – A great iPhone App
Posted on 14. Oct, 2009 by Nikos in Gadget, Mobile
Last Sunday evening I met an engineer of Square Up, an iPhone Application that will be out at the end of October. Although we were in a bar, I had the chance to see how Square Up works.
With Square Up application you can have paperless iphone-based transactions. An iPhone user can easily receive a credit/debit card payment in 5 seconds. The system involves a small plastic card reader which plugs into the headphone jack of an iPhone (or iPod Touch) and transfers the credit card’s swipe data to the app. The user has already synchronized his Square Up application with his bank account that automatically receives the payment. It looks like PayPal but it is simpler and mobile!
So, you go out with your friends and you pay all the drinks. Your friends don’t have cash to give you and of course you don’t want a check. They just give you their cards, you swipe them and you get the money you want in 5 seconds! Isn’t it cool? You have a garage sale or you sell something through Craigslist. You meet with the buyer and you get the money instantly through your iPhone! No cash, no checks!
It is safe and easy! According to Paul, “Today there many ways to pay with a credit card but very few to receive money with a card.” Square Up solves this problem and makes the money transactions iPhone-based and paperless.
The plastic ’square’ will cost $1 or so and the application will be free. Square Up keeps a small percentage of the transaction every time you use the app.
(Picture via)
One Comment
Marianne
16. Oct, 2009
Sweet, I can’t believe no one has come up with this before. Our own bank terminal!
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