Until recently, it was almost impossible for small businesses to accept credit cards without paying a monthly fee, setting up a “merchant account”, and investing in an expensive credit card terminal.

A relatively new solution is Square.

Small and home based businesses are crippling themselves without the ability the accept credit cards. I know I don’t carry any cash and keep my check book in a drawer at the house. I pay for almost everything with my check card.

Until recently, it was almost impossible for small businesses to accept credit cards without paying a monthly fee, setting up a “merchant account”, and investing in an expensive credit card terminal.

A relatively new solution is Square.

Square works with iPhones and Android!

So long as you have an iPhone or an Android handset, all you do is create an account, download an app, and you’re on the way to taking on-site payments!

The good folks at Square will send you a card reader that connects to your handset. When you make a sale, simply enter the amount, swipe the card, and ask your customer to sign on the dotted line (with his or her finger!). You receive a payment confirmation, the customer receives a receipt via e-mail or text message. The next day, the funds are deposited in your account. Simple!

Square charges a very competitive transaction fee of 2.75%

Does your small business accept credit card payments? How much business are you turning away by not accepting credit cards?

Nathan

Nathan Reed is a spastic online entrepreneur. Since 1997, Nathan has developed online solutions for non-profits, small business, and local governments. Nathan is the owner and founder of the Twelve Oaks Group.

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