updated 12:50 pm EDT, Tue October 26, 2010
Square's iOS mobile payments go live
After a long run-up and a last minute design adjustment, Square has begun taking payments. The combination of apps for the iPad and iPhone (free, App Store) or Android gives stores and individuals a way of taking credit card payments on the spot without to use a relatively expensive credit card processing machine or service. Square's system takes a 2.75 percent cut of the sale price along with a separate 15 cent fee.
The platform is also designed to bring the advantages of Internet access and mobile apps into paying for items. Buyers can leave notes and have their visit frequency tracked for get-one-free deals and similar offers. Conscience-focused stores can also donate parts of their payments to charities.
The app should work with the iPad, all iPhones and second-generation or later iPod touch players. Android releases are also relatively focused and include HTC's Desire, Droid Incredible, Evo 4G, Hero and Nexus One along with the LG Ally, Motorola's Droid and Droid X as well as the Samsung Galaxy S and Intercept. Google-based devices need Android 2.x or later.