Square UP was showing their new credit card processing solution for the iPhone. They are planning on offering a no-hassle way for individuals to start accepting credit card payments. Simply buy their $1 app from the App Store, sign up for service, and they will send you a small hardware dongle that will swipe credit cards (shown right). No individual merchant account is required as Square UP handles all the processing and payments and takes a 2.9% cut of all sales.

The Square service is currently in beta testing and should arrive later this year. I wonder if they’re doing external beta testing, as this is a really great idea as I’m all for a cash free way of life!

This entry was posted on Sunday, February 14th, 2010 at 2:37 pm and is filed under iPhone. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.