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Payment by credit card from an iPhone

Square has just released an accessory that will allow iPhone users in the United States to transact from their device with a credit card.

In project since 2009, Square has just started marketing its dongle (adapter) which, connected via the jack (3.5 mm) of the iPhone, allows you to read the magnetic strip on your credit card.

The accessory is sold at a price of $ 9.95 on the US Apple Online Store and requires a $ 10 supply when purchased. Thereafter and during each transaction, a commission of 2.75% will be charged by Square. However, purchasing the accessory does not require an additional charge.

note that this initiative was launched by Jack Dorsey who is also the founder of Twitter.

We discuss it on the forum.

Video demonstration: