Shameless Plug - Square Credit Processing

[shawnhag]

:stop: :hitit_sml: :stop:


I've had my ups and downs with credit card processing systems over the last few years, from high risk merchant processing for affiliate products, to dealing with various merchant issues with my brick and mortar business.

Enter Square: I don't know the legality behind it, nor the technology really, but this company truly takes the hassle out of credit card processing. I also havn't tested this with substantial revenue yet either. I'm currently into my first week with them in my brick and mortar business and here are the positives:

-no merchant app
-1 day approval time
-free (cool) android/iphone card reader
-2% on swipes and 3% on phone/internet orders
-deposits made generally in under 24 hours.


I know this is nothing new to most of you and they've been around for a while, but wanted to share my joy with everyone.

 

[dmnEPC]

Square is awesome been using the shit out of it since oct and only found a few faults. 1. If you do online business forget about using the square. 2. If your in a very high traffic place running cards can be difficult due to all the cell phones fighting for service. 3. If you manually enter the cc (phone, web orders) anything over $1000 they will hold it for a rolling 30 days ie... You collect 500 a day in ph orders for 7 days they will pay $1000 and hold e balance until 30 days after transaction. You can email them and if you do some volume with them they can and will raise it. If you can live with these shortfalls make the switch you will save a bunch

 

[ItsYoBuddy]

I remember there was another thread about this and someone mentioned something they didn't like about it, but I forget what it was. Other then that it does look pretty solid and was about to test it out myself soon.

 

[tangy]

I'm interested to see what others come up with in this space as well. PayPal has its offering and I know up here in the frozen North there are also some major banks playing around with this.

I'm almost wondering if it will be some sort of holdover until NFC ends up becoming the long-term solution. Who knows.