|Square Retail Credit Card Processing|
When I take a closer look at it and ask some questions, I hear that it's the Square Credit Card system. The stand has a magnetic strip reader built into it. The attached little white thing is the chip reader. And it also takes Apply Pay. I asked about fees, payment schedule, and reports. She's nto entirely sure about the fees today but thinks that they are rising to 2.75%. She loves the daily reports. She's a little vague on when she gets her money into her account. I asked about the tablet for credit cards and she says it's an ordinary iPad and she's thinking of adding the Square app for payroll on it too.
|Square Credit Card Reader, Chip Reader, Screen|
What's funny is from this little restaurant, I can also see another recent innovation in credit card processing. There is a retail store peddling credit card processing equipment and presumably processing services. Notice the retail sign below for Ignite Payments and FirstData?
|Retail Vendor of Credit Card Processing Services & Equipment|
And while I don't yet have a picture, there are also parking meters nearby which are the new variety incorporating credit card payments. In the credit card processing world, the times they are a changing...