Receive your credit card payments using your mobile – squareup

What about receiving your credit card payments thru your mobile phones? No No I am not talking about Paypal , you can receive your payments instantly using your mobile phones. Squreup launched in mid 2009 and backed by Khosla ventures , they developed a solution for receiving credit card payments through mobile phones with a small device and it sends the receipt to the payee thru SMS and Email

A small device which attaches to the phone via headset/microphone jack. It reads the card information and send the information over the microphone connection. This device is compatible with iPhone and Android. Once payment is received , signature is received on mobile hand set. A receipt with signature is send to the payee.

Read the credit card using mobile handset

Verify Payee

Sign

Instant receipts

Tags: mobile payments