Title: Walmart Selling Square Credit Card Swiper
Description: The mobile payments reader, which attaches to a smartphone, is experiencing rapid growth.
Page Content: NEW YORK ? Mobile payments company Square has hit the retailing big time, with its mobile credit card processing system now available at Walmart stores, CNN Money reports.
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The square card reader attaches to smartphones, allowing owners to accept a credit card payment, for which Square retains a 2.75-percent processing fee.
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The availability of the Square system has expanded rapidly, from 200 retail locations this summer to roughly 9,000 today. It is also available at Target, RadioShack, Best Buy and Apple.
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The reader price is $9.99, though customers ? typically small business owners ? earn credit on the purchase by registering for a Square account.
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Square said it has sold 800,000 card readers to merchants and is processing $2 billion in payments annually.
Content Subject: Technology
Formatted Article Date: October 27, 2011
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