I came across an interesting video today on CNN Money. It was about a hot dog truck owner that decided to use Square, an iPhone app that enables it’s users to accept card payments anywhere.
Basically what it is is an app on your phone and a very small card reader that plugs into the headphone jack of your phone. You can than type in the amount you want to charge, swipe the card, have the person sign for it (with their finger) on the phone and that’s it. You can even take a picture of the product you’re selling as well as email a receipt to the client.
In the video the owner of the hot dog truck mentioned that people even just like to come and buy a hot dog, just to pay it through the iPhone app. She says that her sales increased by about 12% since she started using the Square app.
Check out the video below to see how the app is used at the hot dog truck.