Kevin Bostic
Mobile 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.
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36 Comments
Puts another nail in the "it's just a consumer toy" argument. Fantastic idea and implementation, is this the start of the end of windows check outs?
Wow. Wiping out the old-fashioned POS (Point of Sale) cash machine with iPad. I like it.
Aren't regular, old fashioned cash registers very expensive?
This looks like a nice product.
This is an incredible value. Well done.
This is a brilliant product.