Square up is a new website that has been launched by one of the founders of Twitter.
This site is gaining a lot of public attention, not only for its high profile founder, but also for the fact that it satisfies a need in the market today.
Squareup allows payments to be accepted from mobile devices and a device like iPhone can become the credit card processing machine with the addition of a small hardware to it. Receipts are instantly sent to email id or even can be printed from Squareup website.
This is now creating a new opportunity for everyone to use a payment mechanism that virtually did not exist before. Because of this reason, we are closely following Squareup and are waiting for its public launch. (Currently the site is only open to a few invited merchants who are using it in California.)
Stay tuned for more updates on this.