Two weeks ago, I started working with DealmakerMedia and before arriving in the office that first day I stopped in at SightGlass to try the much raved about coffee. I was impressed by the brew, but even more impressed by the way they accepted my payment. When I handed over my credit card, the woman swiped it through a small plastic square plugged into the audio input jack at the top of an iPad. She then rotated the iPad towards me and asked me to sign. I signed the iPad with the tip of my finger and watched as my signature filled the virtual page. It was the first time I had seen anything like that, and later that day, while I researched companies online, “Square” came up with an image of SightGlass using their new technology. What a small, small world!
Square is a new company, only officially launched in December of 2009, but their success is already undeniable. Their product enables us to take/make mobile payments from any mobile device with an audio input jack (i.e. your iPhone, iTouch, iPad, etc). After customers sign-up, they are sent a free card reader to get their business rolling. Square makes it so we can lose the paper and instead have receipts emailed or even texted to us.
I think we are going to start seeing Square’s product and service pop-up in more and more places as it has so many useful possibilities. I am thinking: Farmer’s Markets, lemonade stands, dealers, garage salers, and just about anyone else who might need a cash register or an easy way to take credit card payments.
So… have you seen Square in action yet? Tell us about it if you have!