The new credit card processing iPhone has hit the market meaning that you can now swipe your card on your friend’s phone to loan them some money. Read this article to find out more about this new iPhone feature.
Editors note: This is available for Android as well and although it is a pretty cool advancement, credit cards can be trouble especially the more convenient they become.
If you are looking for a way to get mobile payments then check out the new credit card processing iPhone. The wonders of technology never cease and this is an incredible breakthrough in payment processing.
Credit card processing iPhone
It has long been discussed how actual physical money would some day disappear and be replaced by the almighty plastic. Technical magazines and shows have long predicted a forecast of doom for coins and paper money. We are now in the middle of the information age where physical cash does not have to cross our palms in order to see the rewards of spending money.
The new credit card processing iPhone, called Square, was developed by Twitter’s Jack Dorsey. Right now it is in public beta, and looks good for the future. It is a cool add-on for the iPhone that allows anyone that owns an iPhone to accept payments with a credit card. The concept combines a small card reader with an iPhone application. This is a wave of the future and will be around for many years to come.
Best of all this credit card processing iPhone is available to the general public. There is no need to be a registered company in order to use it. All that is required is an account, a phone and the application. It’s as simple as that.
How it works
If you want to make a payment to someone who has this application on their iPhone all you need to do is key in or swipe your credit card numbers into the phone. You will then be able to write your signature on the touchscreen for verification purposes. Credit card processing has reached a new height with this handy application. Now anyone can accept a credit card, and what does that mean for the future?
There are so many uses for this credit card processing iPhone that it can be mind-boggling. Friends can give money to friends and small businesses can use it to increase their sales for people that like to use plastic only to make a purchase. There are no limitations on what can be done with this new technology.
This is a guest post contributed by Timothy a personal finance writer for CreditCardFinder.
Tags: android, card reader, credit card numbers, credit card processing, feature editors, handy application, information age, iphone, jack dorsey, mobile payments, palms, paper money, payment processing, public beta, spending money, swipe, technical magazines, touchscreen, verification purposes, wave of the future