The wrong 10 urban legends on Square and its truth

ByIan Lucero

By attaching a square device to an earphone jack such as a smartphone / tablet, enabling credit card payment anytime and anywhere is "Square"is. The Japanese version has started to be available in 2013, and it seems to be available at shops in the city as well, but with regard to Square '10 incorrect city legendsI answer the correct answer to the official blog.

Myths about Square - The Official Square Blog: Town Square
https://blog.squareup.com/townsquare/posts/top-10-myths-about-square


◆ 01: Square is expensive
Square is free for inventory management · sales data · invoice creation · e-commerce solutionPOS system. The necessary fee is only 3.25% of the uniform fee for each swipe, there is no additional charge other than this. If you want to use Square for large scale sales, you can also handle it with custom price.

◆ 02: Square is not safe
Square isPCI complianceWe will protect customer data along. We monitor all card settlement processing. The card processing systemPCI data security standardIt is based on level 1 of Square and there is no case that card user information will remain on the owner's terminal of Square, transaction information is encrypted from the moment of swipe, it is tokenized in Square's server and saved . Further detailsSquare's security pageYou can read from.

◆ 03: Square does not have customer service or telephone support


The owner of Square can receive support by contacting by phone, mail, Twitter, etc.,Square Help CenterYou can also search articles about Square usage from.

◆ 04: Square is a service directed only to small companies


Square can handle any form of business from food trucks to coffee franchises. DedicatedPOS register appreciationByDigital Invoice· Inventory management · Schedule registration ·Analysis toolIt has the function to streamline work such as, etc. It can be used as an important tool of various business.

◆ 05: Square's business is struggling
Wall Street JournalYaForbes"Square, which is struggling to withdraw funds, is negotiating the sale of the company with Apple, Google, PayPal, etc." In response to this rumor, Square said, "Our funds are capitalized without problems and are devoted to investing in employees and new products, and we are going to continue our business in the long term, It is an error. "

◆ 06: Square collects hidden fees


There are no swipe count limitations or differences in fee for each contract. The fee required for using Square is very simple with only "3.25%" per swipe.

◆ 07: Square gains a profit from "settlement objections"
"Buyer who settled with Square leader would like to file an objection to the card issuing company as"Settlement appealI call it. In the event of a complaint, Square will serve to solve the problem on behalf of the employer (owner of the leader), but will not charge for additional costs.

◆ 08: Square is just a credit card reader


The concept of Square is an unusual service that takes charge of the payment part of business. Despite credit card settlement, it is possible to respond promptly, such as payment on the next business day, and use various tools necessary for business by POS registration app.

◆ 09: Reliability of Square products


Products that do credit card transactions at Square are "Square leader"When"Square StandTwo. The Square leader is the world's smallest credit card reader, designed for quick and secure payment and it works in offline mode even in places without Wi-Fi. Although Square Stand is not yet released in Japan, it is awarded to products of excellent designIDEAI have won an award.

◆ 10: Square works only with Apple products
Square not only includes iOS devices such as iPhone / iPad / iPod touch, but also Nexus 5 · Nexus 7 · Asus Memo Pad HD 7 · Arrows Tab · HTC J One · Huawei · Lenovo Idea Pad · Galaxy S Series · Galaxy Note Series · Xperia A · Xperia Tablet and many othersAlso supports Android devicesdoing.