Wednesday, February 20, 2013, 12:40 pm PT (03:40 pm ET)
Square launches iPad-driven 'Business in a Box' hardware for $299Mobile payment processing company Square announced on Wednesday its new "Business in a Box" a product meant to serve as a full point-of-sale system for physical retailers, allowing them to accept payments and perform analytics on their businesses from one device.
Business in a Box works in conjunction with Square Register, Square's app that allows vendors to input custom product inventories as well as accept payments with Square's credit card reader. Business in a Box adds a cash drawer and optional printer to the formula, essentially turning a customer's iPad into part of a cash register.
The package, which retails for $299, comes with the aforementioned cash drawer, a Square card reader, and a WindFall iPad stand from Heckler Design. That "paperless" POS emails receipts to customers instead of printing them. For physical receipts, businesses can pay an additional $300 to have a printer included.
Square's usual processing fees apply. Square users get a free card reader compatible with the iPhone, iPad, and Android devices, and the company takes a 2.75 percent fee per swipe. Businesses with heavy credit card traffic also have the option of paying $275 per month in order to eliminate the per-swipe fee.
On Topic: iPad
- iPad luring in new users: over 2/3 of Apple's iPad buyers were new to iPad
- Apple's Cook touts Microsoft Office for iPad, says it could have come sooner
- Apple's Q2 iPhone sales boom, carry declining iPad performance
- Apple, Inc. and the pursuit of affordable luxury electronics
- How Apple dodged the Heartbleed bullet