Accepting Credit Card with iPhone and Android Phones for Artists

I am an artist and sometimes I sell my artwork at Art Festivals. As all artists and crafters know, the only currency people carry these days is a credit card. Credit cards provide security and convenience for customers. But for small merchants to accept credit card requirements are: create merchant account, obtain credit card terminal and pay all associated fee. Merchant accounts run from 10$ a month or more. Traditional Credit Card terminals mostly bulky and heavy. But with revolution in mobile platforms it did not take long for some creative and useful applications to appear and help small merchants and artists.

Check the new start-up called Square. Founder by co-founder Jack Dorsey this company provides iPhone and Android applications and a small Credit Card reader that allows you to accept credit cards everywhere your phone has Internet connection. The terminal itself is the size of a thumbnail.

Square credit card terminal

The process is quite simple – you download the Android (or iPhone) application and create an account with Square.
Then you have to apply to accept credit card payments with the device. They ask for your social security, home address and some other information.
If you instantly approved, expect to receive your reader in a week or so.
Accepting Credit Cards with the reader is very simple – just swipe a customer’s card, the application will check with it’s processor over the internet and if everything is okay, authorize the payment.
Then you ask your customer to sign right away on your phone. There is even an option to e-mail a receipt to the customer.

Square’s card processing fees are:
2.75% + 15¢ for swiped transactions
3.5% + 15¢ for keyed-in transactions
There are no activation, gateway, monthly, early termination, or hidden fees.
Money show up in your account instantly.
I love this little device. It provide seller opportunity to take Credit Card anywhere without paying any upfront fee. No sales – no fee.
No wonder that this little device show up in Time magazine list of best inventions for 2010
square - best invention 2010
Square website

I also came across similar product from well established company – Intuit GoMobile
There only problem it cost 12$ per month – no matter you have sales or no.

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