Last December, word hit the street about Jack Dorsey’s latest startup Square, which drew a lot of press and excitement.  Yesterday the public version of the product was finally made available.  Square is a smart new way for people to accept credit card payments on a mobile device such as an iPhone.  Once you sign up for a Square account you receive a free card reader that plugs into your headphone jack.  Once you pop on the Square, you can slide a credit card, have the purchaser sign with their finger on the screen, create a secure transaction and email or text a receipt in just a matter of seconds.

I made a transaction through a company that was using a beta version of Square the other week and I was very impressed.  It was easy to use, fast to process and small.  From a local kid running a lemonade stand to a larger company selling products at a sample sale, to your neighbor putting on a yard sale, Square is sure to be used and appreciated by all sorts of people.  Before launch, Square was valued at $40 million so it will be fun to watch its growth and see just how many people are able to benefit from taking mobile payments on their phone.  Although there are other mobile card readers out there, no other reader requires no costs upfront or contract, you simply pay around 3% per transaction when you do use it.

To learn more or sign up for a free account, head to…….and sorry for now, iPhone, iPad, iTouch and Android Devices only

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