The Square Payment System went live yesterday in the States for the iPhone, iPad and Android devices. This is the project that Twitter co-founder Jack Dorsey helped create that makes accepting mobile payments easy. All you have to to is put the Square card reader into the headset jack and follow the simple process of a credit card transaction. It’s basically a cheaper alternative for retailers to accept money from customers. A simple swipe of your credit card and you’re done. Pretty cool and not available in Canada.
Currently in Canada there’s a few mobile payment options to choose from but most have high service fees. One of them is the joint venture between Rogers, Bell and TELUS called Zoompass… but seems a bit more tedious than Square. Check out the video of Square in action and hopefully we’ll see it in Canada soon: