The company has had success handling mobile payments over the last year, and now it has received a major boost, after Apple agreed to sell the credit card reader system via Apple’s online store and in-store retail locations as well.
According to TechCrunch, Apple will start selling Square’s credit card reader across all of its U.S. retail stores starting this week. This will certainly be a major boost for Square, who up until now has been able to handle over $1 million in payments per day and apparently keeps growing.
Apparently, Square’s reader will be the only payments product featured in Apple stores, and most likely will be displayed in the main consumer-oriented accessories area inside the stores. Apple is also partnering with Square to provide training sessions at Apple stores, where you can learn how to use the card reader.
Square’s card reader will set you back $9.95, and ships in either black or white. Square is also giving merchants a $10 redemption code. If you want to use the mobile payment card reader system, download the free application from the App Store and setup your free account.
Square is quite simple to use, and it allows consumers and businesses to accept credit cards. Simply plug the reader into your iPad, iPad 2, iPhone 4, iPod touch (4th generation), and use it with the free companion app.
Keep in mind that Square will take a flat rate of 2.75% per transaction with any approved card. The company accepts all major debit and credit cards: Visa, MasterCard, American Express, and Discover.