Square has certainly been making a big splash in the news. With promises of allowing just about anybody to accept credit cards simply by signing up and getting their little square plastic swiper to accept credit cards. Before you jump on the square bandwagon however, there are some things to consider. How serious are you about accepting credit cards? If you think you'll only be processing $1,000 or less a month it might be a good move. If however you are processing more than that, you may be best be served with a traditional merchant account. The reasons are many:
1) Square rates are expensive 2.75% for swiped and 3.50% for key in:traditional merchant accounts could get you rates of as little as 1.29% for debit cards and 2.15% for key in.
2) Square has had issues working with new Iphones.Square only has 128 bit encryption as opposed to a blue-tooth reader which has