The Square Credit Card Reader is an ingenious little device that allows your iPhone or iPad to accept credit card transactions on the go. The service is simple as deposits go to your bank account with only a 2.75% fee per swipe.
This credit card reader is now available from the US Apple Online Store, for $9.95. The Square service is US only at the moment, but when will we expect plans for expansion to other countries, such as Canada? We’ve contacted Square for some answers and will report back what we find out.
Canadians are among the highest users of debit transactions via Interac, more so than cash and credit cards. I see Square as the perfect solution for small vendors and businesses. Imagine your shady back alley Craigslist/Kijiji transactions being able to accept credit cards in the future? Now that would be something special.