October 31, 2011 12:49pm
Unfortunately “Square” is not available in Canada, only in the United States. This is the cool mobile payment service that was created by Twitter co-founder Jack Dorsey – to date they have processed over $2 billion worth of transactions. If you have a business you can simple attach a small square dongle that you can put on your iPhone or Android and start accepting credit card payments from customers – no terminal is needed.
However, in Canada the battle is heating up, Payfirma has been offering this for a few months and now heavyweight Moneris has come to market. They have launched the “e-Select plus Mobile App”, which is far away from a cool name or even looking cool, but the basic service and convenience is there, allowing businesses to securely take credit card payments and make their device a point-of-sale terminal – it’s only available on BlackBerry or Android devices (not the Torch 9810). It acts like the others and all you have to do is swipe your card through the reader, then sends a confirmation receipt to customers via email.