Square – Mobile Credit Card Processing
by admin on Feb.15, 2010, under iPhone 3GS
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.
Twitter
Facebook
YouTube
February 26th, 2010 on 7:20 am
As a result of the CARD Act reforms that went into effect on February 22, credit card companies are projected to incur $12 billion in annual losses. But we all know that credit card companies are far too imaginative to let this happen. The reforms require the credit card companies to give you 45 days notice before rate increases, and those increases cannot be applied to existing debt unless you miss payments for 60 days. In addition, there have been new restrictions placed on how they can market to college students under 21 years old. This all translates to nothing more than a bump in the road for card companies. Old methods of revenue generation will be replace by new ones in the form of lots of fee
April 22nd, 2010 on 2:13 pm
It is good to have the ability to read a good quality article with useful data on topics that many are interested on. The reason that the data stated are all first hand on actual experiences even assist more. Go on doing what you do as we like reading your work.