Big PR win for mobile payments firm.
Staff working on President Obama's re-election campaign will be given Square credit card readers, so they can accept payments using an iPhone, iPad and Android device rather than using a credit card reader.
They're joining the one million plus merchants who have already signed up to use the tool.
So it's a real PR coup (unless founder Jack Dorsey is a Republican) and potential a real commission windfall: Square charges 2.75 per cent per transaction, and Obama’s 2008 election campaign earned $335,139,233 from donations of $200 or less.
Square's peripheral plugs into the headset/microphone jack of a phone, and allows merchants to process credit card transactions via an app.
The firm says its can bring credit card facilities to the 27m small businesses that don’t accept credit cards currently.
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In December, Dorsey revealed that the company is processing $11 million in transactions each day, and rolled out a new version of its iOS and Android app that adds a loyalty option, refunds, receipts for past transactions, tip percentage options and sales history search.
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