Hell yeah, Square launched for iPhone (Android should be pretty close too Actually it is here too). In a nutshell, the service gives you a damn easy way to take payments from credit cards, which is just really useful.
Fees:
No Credit Card Present: 3.5% + 15cents
Paypal fees:
30cents plus 1.9-2.9% per transaction
They do have limits by payment and weekly based on your credit. This is pretty exciting, and so damn useful. It one ups Paypal in 2 ways:
1. Anyone can accept credit card payments from non-members (only business and premiere can on paypal)
2. It is def SO MUCH EASIER than paypal is to understand, setup and use. Paypal’s website is honestly really bad (iPhone app pretty good) and hard to navigate. It took ME 5-7 minutes to find their fees this morning.
And a recap of how Square works:
