The Gadgets Page

Kevin Rose, of Digg Fame, has jumped into the credit card payment fray with his investment in Square. Here he is, showing it off:

With a Square device and an iPhone, you can accept credit card payments just like any merchant. It’s pretty impressive, actually.

I can accept credit card payments using PayPal, but they don’t have an easy way for me to process a transaction on the go. If I want to accept credit card payments, I need to have a laptop AND wi-fi. They do have a PayPal iPhone App [iTunes Link], but it doesn’t allow me to accept payments with it. It would be nice if they included that feature in a future update.

There are applications at iTunes that let you accept credit card payments, like Swipe Credit Card Terminal [iTunes Link], but you have to type in all the information by hand instead of being able to easily swipe their card. Additionally, they require you to sign up for a merchant account. How Square will handle that issue hasn’t been revealed.

Square looks like a really good idea, but until we know the details, like what fees they will charge, I’m holding off my judgment.