How to Take Credit Card Payments On Your Phone

By Michael Bell Monday, January 5, 2015

how to take credit card payments on your phoneHere at Harvard Business Services, we are always looking to give tips to help our clients. If you are a business owner always on the go and want a quick and easy way to get a payment without having to drive to the bank to deposit checks, then Square is a great option that is easy to sign up for. Here's how it can help you take credit card payments on your phone or tablet.

What is Square?

Square has been around for quite a few years now, but is still one of the coolest technologies out on the market. It is an easy way to get a U.S. merchant account. When you sign up, they send you a mini credit card reader that plugs into the headphone receptacle of your smart phone or tablet. To use it, you need the Square App and the reader. If you are a business owner who is always on the go it is an easy and safe way to take credit card payments via your iPhone, Android, or tablet. That’s right, swipe the credit card directly to your phone or tablet and the money is instantly deposited into your company bank account.

How can you get Square?

To activate a Square account in the U.S. you will need to provide the following information:

  • Your full legal name
  • Your social security number
  • The street address associated with your social security number

For a complete list of everything you need to register a Square account visit the company's sign-up page.

Who is Square available to?

Square is currently only available in the United States, Canada, and Japan. They are beginning to look into other markets, but there is no timeline for further international roll out.

For more detailed information, visit Square.com.

Image Attribution: Chris Harrison

*Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Harvard Business Services, Inc.

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