Square iPhone Payment System turns your phone into credit card reader
By Vlad Savov 
posted August 3rd 2009 6:09PM
posted August 3rd 2009 6:09PM
[Thanks, Derek]
posted August 3rd 2009 6:09PM
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Wow.
LOLZ IM HACKING IN 2 UR IPHONEZ RIGHT NOW WITH A TEXT MESSAGE TO GET ALL YOUR MONIES!
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Apple iPhone press 1
I'm barely breathing,
With a broken heart...
Oh My goodness I smell CREDIT CARD THEFT, IDENTITY THEFT and TAX FRAUD on the app Store this year !!!
While this might be the first swiper the iPhone has had credit card processing apps since 2.0 launched. There is one in Australia that offers emailed receipts and even provides historical information and recording of frequent customer details so you don't have to re-enter their name and email.
I like how they are using the jack as opposed to the dock connector.
I hope they've implemented some new security measures, as the iphone is said to have some of the worst encryption around.
http://www.redmondpie.com/iphone-3gs-the-worst-hardware-encryption-phone/
No one is paying hundreds of dollars for an iPhone to turn it into a card reader when WinCE based terminals can be had for a fraction of the cost.
Exactly! We need to get the laptop hunters team in on this!
Well DUH. This is for people who already own iPhones who want the ability to read credit cards. Nobody is going to buy one specifically for this purpose. Are you intentionally dense, or is it just a gift?
Could always use a base iPod Touch.
The iPhone does it all!!!!!
including getting my credit card info hacked. . . oh yeah baby, it does it ALL
Pretty cool. However...I'll bet as soon as there is a security vulnerability, it'll be mass communicated "through the grapevine" between iPhone customers and Apple may actually say they are not invincible.
--S
Read this on CoM where they said the processing was 2.5% and $.50, calling it a bargain. I don't think so, swiped transaction should be 1.5% tops, unless you've got a lot of fraud. $.50 is possible, but even paypal only charges $.30.
actually, I think I know why... Even tho you swipe it, the card probably sends it as a keyed or faceless transaction. If you're a high-volume merchant using dedicated hardware will save you money.
Actually, 2.5% is fairly standard for a small business processing credit cards. My parents run a small woodworking business and are constantly complaining about how big of a ripoff credit card fees are.
If your volume of transactions go up significantly, the % will drop, but if you are a small business the transaction fee is ridiculous.
Hey kids!! It's okay not to use the iphone once in a while!
You're right, more functionality sucks.
Unless it's for any other platform. Right? Then it's ok. But not if it's the iPhone.
Actually the OP has a point, it's getting to the point where from before you wake up to when you sleep there is something you can be using the iPhone for.
If you thought people texting at parties and listening to PMP's while serving you was out of control where the iPhone and friends are going is a whole new dimension of personal reality avoidance.
Wow, this seems quite similar to Jack Dorsey's 'Squirrel' idea for the iPhone.
Even the name is similar to Squirrel.
http://www.techcrunch.com/2009/05/08/nuts-twitter-inventor-about-to-launch-his-next-project-code-named-squirrel/
spanner in the works
UK needs chip and pin
kthnxbai
Actually, we don't. You can still buy stuff without using the chip, and signing the receipt like we have done for years.
Thats the first thing that came to my mind. I wish my dealer could take mastercard and airmiles would be good too.
How convenient for suburban teenage drug dealers!
dude, you hit it right on the money. Esp. since i sell all my shit out of my fedex truck. a milli a milli a milli a milli
ha. I love these comments... Push It To The Limit
Forget credit cards my dealer can do reward points now!
@Templarian
LOL awesome... new meaning to frequent flier
I'm actually a little excited about the idea of this. Cashless transactions from your iPhone is the only big wow feature I can think of Apple adding. I think these Square fellas are going to find Apple putting something for transactions in an upcoming phone. Everything else... Flash, better camera, wireless syncing (which is nice also) seem like incremental refinements. My Mastercard already has a touch pass, or whatever. With Apple's expertise at orchestrating these large multi-corp deals (music, movies, tv), I can see AmEx, Visa, and Mastercard accepting iWallet (or whatever) transactions. What if PayPal got involved and allowed us to do secure payments from anyone to anyone?
Aside from my keys, the wallet is the only pocket thing left to consolidate.
I know I'm leaving myself open with that last sentence.
LOL!!!!!!!!!!!!!!
THis is some prime funny shits right here,
It takes a real pathetic loser to advertise in a FAIL thread on Engadget...
I was suprised when I went to the Apple store and they checked me out using a Windows device.
Even Apple knows that it's important to use the best tool for the job.
So was I. It took over fifteen minutes and no less than four of those things to pay for my iPod Touch last year. I didn't know whether to be pissed at Apple, Microsoft, or whoever actually made the PDAs...
No love for PayPal mobile? A lot of my friends are surprised that I take payment by text message.
I bet the biggest market for this will be skimmers.
This will never pass the App store. Apple requires any transactions made in an app to be billed through iTunes. FUD? Maybe, it wouldn't surprise me.
Thousand Dollar Red Jewel That Does Nothing App
This works because it doesn't interact with your iTunes account, and each purchase doesn't change the App.
...but they're not $29 US dollars, as the website name implies.
I call shenanigans!
the audio jack? what the fuck? 3.0 api lets you use the data port, why doesn't it just use that?
Why not? This way, people on 2.x can use it too.
Because it's 50,000, AND apple can disable it at anytime, AND it's not cross platform, AND there's no compatibility with pre 3.0 phones, AND you have to install a chip at your own expense, AND get a review by apple at your own expense, AND apple gets profit for each piece of hardware sold. Any more questions?
awesome!
So they want you to swipe your card so you can essentially access online banking?
No chance I'm handing my CC over to someone with an iPhone for processing.
I'm glad my credit card and debit cards all have chips... No need for magstripes.
"hey let me get a dime bag" .... "Paper or Plastic? I take visa and mastercard"
I was surprised as well to go to an Apple store and they used some handheld device to do my CC transaction - now they can use an iPhone. I would have opted for the docking port as in most of these stores the employees wear headsets for some unfathomable reason.
This feels very wrong
Credit Card skimming? there's an APP for that!