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I am a HUGE fan of the iPhone and what it has done for technology.  One clever device with so many uses…how did we ever live without it?

And it just seems to get better. A product developed by ‘Square‘, allows payments to be immediately made through any device with an audio jack input. A fast, simple way to accept and make payments. Especially good for small businesses, fundraisers and vendors. Below is a screen shot of a receipt that is sent to your phone or email, no paper receipts!

From the Square website

“In February 2009, Jim McKelvey wasn’t able to sell a piece of his glass art because he couldn’t accept a credit card as payment. Even though a majority of payments has moved to plastic cards, accepting payments from cards is still difficult, requiring long applications, expensive hardware, and an overly complex experience. Square was born a few days later right next to the old San Francisco US Mint.

Today the Square team is focused on bringing immediacy, transparency, and approachability to the world of payments: an inherently social interaction each of us participates in daily. We’re starting with a limited beta and rolling out to everyone in early 2010.”

This video takes you through the process step by step. Have a look….

via: twitter

@jjthinkinbig tweets