FROM CNN
Mobile-phone cash register Square open for business
(CNN) -- Square, an application that turns a smartphone into a mobile cash register, is open for business.
Created by Twitter co-founder Jack Dorsey, Square uses a free download and plastic card reader to let users accept credit card payments.
The app charges users 2.75 percent of the transaction cost plus a 15-cent fee -- a rate Dorsey said is in line with what retail stores pay for accepting cards.
"No one carries cash any more," Dorsey told CNN's "American Morning."
"Everyone carries a little plastic card and nobody carries their checkbook. So being able to accept credit cards means more money, more volume."
READ MORE ON THIS CRAPPY WEBSITE
Mobile-phone cash register Square open for business
(CNN) -- Square, an application that turns a smartphone into a mobile cash register, is open for business.
Created by Twitter co-founder Jack Dorsey, Square uses a free download and plastic card reader to let users accept credit card payments.
The app charges users 2.75 percent of the transaction cost plus a 15-cent fee -- a rate Dorsey said is in line with what retail stores pay for accepting cards.
"No one carries cash any more," Dorsey told CNN's "American Morning."
"Everyone carries a little plastic card and nobody carries their checkbook. So being able to accept credit cards means more money, more volume."
READ MORE ON THIS CRAPPY WEBSITE
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