Verizon Wireless Is Selling Square For $9.97

Posted Feb 2, 2013

Verizon Wireless has started selling the Square credit card reader at it’s stores for a price of $9.97 with a $10 rebate added to your account. The Square credit card reader lets users swipe any credit card and charge it a specific amount using an application for smartphones and tablets.

Square has been growing at a rapid pace and it is used at over 40,000 retailers. The company said this past November that they are processing $10 billion in annualized transactions.

Square charges 2.75% per swipe for Visa, Mastercard, Discover, and American Express. Credit cards that are manually keyed in gets charged 3.5% plus 15 cents.

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[Source: CNET]