Square Register is a fully integrated software and hardware point of sale (POS) system. Use it for $49/mo (or buy outright for $999) and pay only 2.5% + 10¢ for every transaction.
The genius of Square was its ability to tap into ubiquitous devices (read: iPhones) to enable anyone to accept credit cards. It wouldn't be where it is today if it went hardware-first but their brand and reach makes Square Register an obvious extension. 👏🏼
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@rrhoover The cost and simplicity is super-attractive too. No more card-swipe machines that suck and expensive fees for merchants. It opens the door to a lot of small businesses to accept payment types that used to only accept cash and checks, or spend too much just to accept cards. And this does even more, simply and easily.
Big move leaving the iPad. What was the thought process behind that decision?
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Like the screen on the customer-facing hardware...makes for lovely UX. And apropos of nothing, I'm the 111th upvote on this. 😜
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Is all major cards at 2.5% + 10¢ per tap a good deal? Not familiar with the US side of things but that seems more expensive per transaction than Stripe for instance (although I know they don't do POS devices)
Did a little googling and Barclaycard (UK) would offer the following rates if your turnover was around £500,000pa
Debit 0.38%
Credit 1.21%
Visa Business Debit 0.53%
Commercial 1.85%
If you got that matched with a POS from Nobly (which comes highly recommended on PH) you would save quite a significant amount of revenue. So even though the product is very nice, it seems the fees are quite high.
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@kinnth Great point, surprised this isn't elevated a bit more. 2.5% seems steep
I have not used this product and my feedback comes from reading about the features the video. I have deep experience in this small retail and IMO , this product is on the right-way to be a winner.
Pros:
Simple Design, Key features for a shop, Integrated unit
Cons:
Many more integrations are required
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Could be huge for legal cannabis if one could decouple the gateway and integrate a closed loop FI.
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I have not used this product and my feedback comes from reading about the features the video. I have deep experience in this small retail and IMO , this product is on the right-way to be a winner.
Pros:Simple Design, Key features for a shop, Integrated unit
Cons:Many more integrations are required