For small business owners or individuals selling goods or services, a common business challenge is the ability to accept payments from customers wanting to use a credit card. This is especially true for those who conduct business “in the field” or otherwise don’t have a fixed point-of-sale system. Square introduced a unique solution to this problem in the form of a mobile card reader that plugs into the headphone jack of iOS or Android devices. Users can then accept payments using the Square Register app on the device for a fee of 2.75% per swipe without having to jump through the normal hoops associated with establishing a merchant account with a financial institution.
Until now, one of the limitations has been geographic as Square was only doing business in the U.S. That changed today with Square’s announcement that they are expanding into Canada. Hit the break to read the full press release. » Read the rest