quote:
I have been to trade shows and such where I have seen Square in action. My first thought the first time I saw it was that it was very cool idea. A little later when I was watching the person at the till run their credit card through the reader, the security side of me said that looked like a great way to capture cards on a personal device.
A quick Google search has also turned up there is/was a way to capture the credit card swipe data »mashable.com/2011/08/05/square-security/
You know what - anything is possible in today's world. I guess it also depends on who you are dealing with when making a payment. If you feel comfortable with a particular vendor, go ahead and let them use this reader else you have other payment options as well.
Again, we make payments over the phone (at least i do) and trust the other person handling our credit card info. I consider that to be more 'unsecured' than this iPhone card reader. - just my opinion.
My neighborhood gym owner has my credit card info. on file. I trust them - nothing bad has happened yet....
None of my customers (thus far) had any security concerns, I guess it does have to do with how much your customers trust in you and your company.
Lots of variables.
Thanks