Lots of info missing.... Like first off how does this tie into your Paypal account? When you barge someone's card do the funds get routed to your financial bank or to your Paypal account (a major deal breaker)? What will the % taken from each transaction be? Then you're saying this card reader will be up for SALE?!?!? At AT&T store??? Square and other card readers for the phone are FREE with Square being th best out of all of them the app is really simple to user and the creditcare reader is much smaller than competing designs including the giant ugly Paypal Here. My othe concern is that the card reader actually looks broken in the picture as that first triangle lookstombe sagging as if th glue came off and doesn't look like he reader shape on the screen of the phone unless its supposed to rotor for some unforeseen reason.
Everybody go with square from square.com it's completely free ships to you really fast and works EXACTLY as advertised the hardware and on the software and service ends. Don't pay for bulky card readers.
Oh and I hope they start designing card readers made for bottom positioned 3mm jacks lol
Before you rush out and drink Square's Kool-Aid you should consider PayAnywhere (www.PayAnywhere.com). Unlike Square, you get a secure card reader, 24/7 live customer support, and a real merchant account. Square has no live support, and while they claim to have a secure reader somewhere, no one has seen it. Square also holds money on reserve if you have large charges. Neither Square or PayPal have real merchant accounts. All of you money goes into a giant bucket and if you've ever had a PayPal dispute, OMG it'll be 4-6 weeks if you ever see those funds.
yeah all good questions and observations.
What do you mean by secure card reader? I don't understand the security part of it how would just a card swipe offer security over another card swipe?
I can see how not having 24/7 support could be a big deal to some people especially real businesses but I don own a business and will never need their support just like in 12 years I have never contacted or been contacted by PayPal.
As for holding large deposits isn't that to be expected? I have had my main Citibank account for 22 years and there is still a withdrawal limit at an ATM and anything over 5k deposit I THINK and it's on hold especially over weekends.
I'm not seeing 1 deal breaker in your explanation and you aren't even saying the PayPal reader is better so not sur what you're saying.... But since all card readers and services seem to be about the same I still like Square it's FREE, small best designed reader, fast growing. If you want to pay for a bulky card reader go for it?
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