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Verizon to sell Square credit card readers

February 13, 2013

Verizon Wireless announced recently that it will be offering the Square Card Reader as an affordable option for business owners.

Square’s credit card reader has become just one of many popular options for those looking to jump on the growing mobile credit card processing trend.  Verizon Wireless announced recently that it will be offering the Square Card Reader as an affordable option for business owners.

According to CNET, the mobile credit card processing device will be sold for $9.97, but with a $10 rebate for opening a Square account. Verizon joins companies like Walgreens, Staples, Starbucks and FedEx as a vendor for the device.

Square works by plugging in to a user’s smartphone or tablet. Once connected, it gathers information much like a traditional credit card terminal, allowing customers to swipe their cards for payment. 

In November 2012, Square tweeted that it  processes $10 billion in payments annually. The delivery method for the announcement was appropriate considering Square’s founder is Twitter co-founder Jack Dorsey. The news came barely two months after the company had announced hitting the $8 billion milestone.

Square has been gaining traction in some small business circles as an alternative to the traditional credit card terminal due to the low start-up cost and convenience.

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