Credit Cards Payments Now Easier

By:, Tow Squad News. Published on: January 16, 2013 Subscribe in a reader

SMALL BUSINESS SERIES

Card Readers Makes Processing Mobile

TECH BEAT – Not that long ago, many small businesses were unable to process credit card payments due to the costs involved, especially factoring in a dedicated phone line. For many tow shops, the process also has proved impractical for some jobs out in the field .

The card reader Square was only launched in 2010, but in very short order the company has brought their service to millions of users. They provide business owners with a small plastic device that plugs into the audio jack of a mobile phone. This acts as a credit card reader that works with the company’s app on the phone.

Square has a couple of different fee options, usually taking a 2.75% processing fee from each transaction. There is also the option for a flat monthly rate of $275 to avoid paying a percentage. As for the reader, just this month Squares went on sale at Starbucks for only $10.

According to the New York Times, these units will be available at all 7,000 Starbucks locations in the U.S. New members can receive a $10 credit for registering, essentially making the reader free.

Not accepting credit card payments has cost many businesses a significant revenue stream in the past. As customers are not typically charged a monthly rate for Square, many users keep it on hand for when customers have no other payment option.

Tow shops can also pick up extra business by joining Tow Squad . Our Cash Calls bring in ready dispatches for roadside assistance.