Verizon Wireless today announced that its stores will now sell the Square Card Reader, which allows small business operators to accept credit or debit card payments with a smartphone or tablet.
The Square Card Reader runs on Android and iOS platforms and is set to sell for $9.97 in Verizon Wireless stores nationally. The unit comes with a $10 credit that can be applied to a Square account. After purchasing a Square Reader, the user must download the Square app in order to attach a bank account to the system.
Following a sale, the retailer is able to email or text the receipt to the customer, at the customer’s discretion. Fees for the seller include 2.75% per transactions swiped and 3.5% plus 15 cents for sales that are manually keyed in.