“Do you take Visa?” he asked. “Why, yes, I do,” I replied. I was working at a silent auction fundraiser for my son’s football team and used my Square device with my iPhone to accept payment.
The Football Boosters acquired some items worth more than $100 to auction off and we were excited about the prospect of making some good money for the team. As the evening went on we monitored the bids as they climbed.
When it came time to announce the winners of the items and collect the money, I was a bit nervous about using the Square. I had used it a couple times with small amounts of money (under $20) with friends, but not in a real life “merchant” situation. The event was held in a Piano Bar where it was dark, and I was surrounded by people singing and drinking. Not the best conditions to conduct a business transaction!
Time for our customers pay up. I began to swipe the card, and the reader told me I was swiping wrong. Apparently my iPhone was tilting. I placed the iPhone on a table to keep it steady and swiped the card – it read the card. Whew! Since the amount was over $25, it required a signature. Instantly, the phone screen asked for a signature – the customer signed with his finger. I was then prompted to put in the customer’s email address or cell phone number. A receipt was automatically sent to the customer’s phone and a copy to my email as well.
Having the Square enabled us to accept our generous customer’s payment – he didn’t have that much cash or his checkbook with him. As the merchant, we were charged 2.75% of the transaction amount, but it was well worth it to make the sale.
Stay tuned for the next P2P installment and let me know if you’ve tried the PayPal dongle or other emerging payment mechanism.