Square Brings Credit Card Swiping to the Mobile Masses, Starting Today

This is too cool -- a company called Square has released an iPhone app (free) that allows anyone with an iPhone and a card reader (also free from Square) to accept credit card payments from anyone. The technology is totally mobile, and the fee is less than 3% per transaction. This is the kind of disruptive technology that can revolutionize the way small businesses operate, and it's also a sign of how mature the banking market in the U.S. is, a key advantage for small companies looking to enter or expand in the U.S.

Square Brings Credit Card Swiping to the Mobile Masses, Starting Today | Fast Company