Square is one of the most innovative start-ups to date. The Square Card Reader is a credit card reader for the iPhone, iPad and Android devices. It allows anyone to accept credit cards from these devices anywhere and anytime. There is also Square Register, which is a full point-of-sale system for businesses to accept payments.
Recently, Square announced that they will expand their pricing for card processing with a flat rate option. Small businesses now have the option of paying $275 per month instead of paying a 2.75% fee per swipe. Small businesses have an advantage over big businesses with Square’s new one monthly price because they’ll be paying less than the prices that are usually only available larger businesses. Merchants who process up to $250,000 per year can pay one flat $275 fee with no additional fees and no contracts.
We finally think it’s time for New York food trucks to hop onboard. How convenient would it be to not run to the ATM before buying that gourmet hot dog?