Square For Your iPhone: Wave Of The Future? [Vid]

Submitted by: JazzBaby 7 years ago in Tech

Cool technology, but can anyone else see how this iPhone gadget might cause lots of problems as well as fix a few?
There are 69 comments:
Male 28
cant wait till my dealers start using those, cuz everyone knows thats why the app was made, businesses can dratin buy a credit card reader. btw if you even own a credit card you`re an idiot. unless you don`t live in the united states and you`re country is economically healthy, then you`re alright.
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Male 730
Like at the apple store :DDD sofa king cool!
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Male 228
dratin hipsters
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Male 33
pretty cool... not needed but its cool people will buy it end of story.
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Female 3,598
i am so glad that i don`t own a credit card. i really want to just run to the hills and live off the damn land.
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Male 224
everyone will use this. we will say negative things. then we will crumble.
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Male 108
This will only help further your own debt. "Aw man I don`t have 300$ to buy <useless object you really want for no apparent reason>, WAIT we both have square, I can put it on my credit card!" If anything, credit card companies are responsible for this, not the government.
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Female 76
Well, this makes it harder for me to say no to hobos.
"Spare change ma`am?"
"I only have my card."
"It`s ok, I have Square..."

crafty hobos

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Male 1,485
i think aseirinn has a point, i enjoy not being raped by the government and this could make it worse
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Male 712
They forgot to add that if we don`t use square, the terrorists will win.

Fact is, I won`t be upgrading to the iPhone 3GS and I don`t think I`ll be paying for anything like that.

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Male 450
drugdealing got easyr i might have to come out of retierment
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Male 1,375
wow stealing money from people has never been easier!
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Male 877
great until someone taxes the transactions...governments want to push these technologies so all transactions can be tracked thereby...no cash transactions only e-transactions...mobile phones track your whereabouts, credit cards do the same...any job or service you can offer now including cutting someones grass for a `cash fee` will be subject to a tax in the future...
Now before you roll your eyes, this is only my opinion, i maybe completely wrong and government control of the population is a myth...
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Male 5,194
So can you buy something with your credit card from a guy who has "Square" if you don`t have it, too? Looks like you are suppose to sign up, even if you are just a customer.
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Male 3
great product. but bad idea. Card gets stolen and if the theif has one, your card could be maxed out in seconds or the funds in your bank account is gone in a instant.
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Male 602
I think that saying this would increase debt in any way is a pretty invalid argument considering the widespread use of debit/credit cards instead of cash these days, adding another point of sale isn`t going to change how much people spend. It isn`t creating another avenue of lending, which is where the debt is created in the first place.

It looks more like you just wanted to point out that Australia has less debt per capita than the US. And? The US has bigger guns than Australia. Equally invalid and pointless, but true nonetheless.

Anyways, I would never trust any individual, and especially not my drug dealer, if he stopped tapping away on his iPad, pulled out his iPhone and said, "Nah man it`s cool, I do this all the time."

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Male 703
As a point of interest, Australia is only AUD66 billion in debt, which means AUD 7,600 per taxpayer, and each citizen has only AUD 3,500 in credit card debt, as opposed to the USA`s 54,000.
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Male 703
According to http://www.usdebtclock.org/ the USA is USD12 trillion in debt, which is USD113,000 per taxpaying citizen. The average American citizen is personally in $54,000 of debt. I can see an iPhone app which allows bank transfers would only allow this debt to increase.
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Female 4
This is my first comment. Has it worked? Anyway - nice iPhone app. Not sure how the reader sends the card info through the mic/headphone socket.
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Male 38
"this is the future. maybe not this specifically, but money will not be paper or coins, but digital"
omg that would suck soo bad
i live my life on cash money, banks and all this bull$hit is annoying
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Male 674
That is brilliant. I might just consider doing that...
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Male 593
AWESOME! If only I had an iPhone... :(
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Male 2,551
bananajojo - Haha, I didn`t think of that! Quite an awesome idea.

I actually really like this idea, and if they can find a way of making it more secure, then I would consider getting an iphone (not soley for that, but it would certainly add to the reasons why I should).

That being said, it`s not very hard to steal peoples credit card information if you have enough time/commitment, The Real Hustle showed that it could be done.

"Because electronic money is traceable"
Yes, but most transfers done via shops, or ATMs will tell you what happened (it does on mine; telling me where I bought stuff, how much I payed), but it doesn`t say /what/ you bought. It would make finding the people slightly easier, but only slightly.

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Male 221
So it seems SunnyNphilly loves pot... just looked at comments to the smoking infographic, and he was still talking about pot...
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Male 1,347
heh, muggers are gonna start carrying iphones and having people swipe their cards instead of asking for cash
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Male 645
Great I can sell pot to people with credit cards!
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Male 2,868
I don`t see how this is any less secure than using a credit card online.
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Male 9,306
"anyone else think this guy has the most monotone voice?"

I see your post and
raise you...

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Male 26
... Soon, Star Wars fans, your Republic Credits that you bought at ComiCon will be real currency.
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Male 2,576

Fred, Age 9: "So... when is this comming for Genesis?"

Fred, Age 20: "So... When is this comming for PC?"

Fred, Age 22: "So... When is this comming for Android?"

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Male 418
this is the future. maybe not this specifically, but money will not be paper or coins, but digital.
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Male 490
Sounds awesome, but equally insecure.

Perhaps a step into future technology, but we just shouldn`t do it with our current cards.

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Male 3,915
but...it`s a cube...
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Male 205
Mr_Chubbles: "Finally! This will make drug dealing SO much easier."

Do you know why drug dealers use cash?
Because electronic money is traceable. Your bank, the IRS, the NSA and every 2. class cracker know (or can get to it) what you bought, where, when, from whom, what you payed.

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Male 178
mr chubbles- thats exactly what i first thought of too!
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Female 288
Finally! This will make drug dealing SO much easier.
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Female 3,574
uhhhh I wouldn`t trust that.
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Male 26
Isn`t it just as easy to steal credit card information if you work at a store or own your own business anyway? ... I have to admit it pretty cool... problem though... you can`t listen to music at the same time:( (Jk btw)
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Male 478
This is assuming everyone buys a $400 phone...
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Male 1,403
anyone else think this guy has the most monotone voice?

besides that, i think this product has flaws, but a good idea nonetheless.

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Male 258
European banking and credit card systems are very rapidly switching away from magnetic strip technology towards the smarter, more secure in-card chip tech.
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Male 2,294
Retarded.
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Male 10,440
People are going to misuse this till the cows come home. Its a terrible idea, that is to say, if its not a spoof.
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Female 1,401
This is going to be revolutionary for prostitutes
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Male 73
this is going to make billions...
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Male 931
Rip-off merchants and con artists are gonna have a feild day with this.
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Male 340
I cannot sign my name with just my finger....
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Male 678
I like it! i think its brilliant.
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Male 1,590
"No this wont work. A card reader is bad news in the wrong hands."

Exactly. If you see anything unusual near the card reader the next time you use an ATM or pay at the pump, don`t use it.

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Male 25,416
People will be to afraid for this to work, very easy to get someones card and abuse this program!
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Male 2,056
i can really see this being used in a bad way.
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Male 48
cool but, will most likely have some problems
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Female 77
gotta love how they chose the best possible candidate for credit card theft/fraud to represent this.
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Male 84
I would like to see how the security holds up, but it would do a lot of good if they gave Paypal a run for their money. I haven`t had trouble with Paypal, but I hear enough I try to use them as little as possible.
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Male 1,674
yeah, if this catches on i`m never using my card to pay for a meal at a resturant.
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Male 504
No this wont work. A card reader is bad news in the wrong hands.
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Male 151
At long last, I can buy drugs with my credit card :D.
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Female 91
:O!!!!
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Male 17,512
This could easily be misused. And what about chargebacks and/or returns ? This could get messy.
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Male 1,931
"Want to buy my TV? Ok, just give me your credit card information... Ok... and the three digits on the back? Good. Alright, thanks so much!"

Five minutes later, I have all the porn on the internet payed for, and a one way ticket to Guam.

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Female 224
thts really cool but looks lik a pain to sign up...
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Male 2,593
Cool idea, but, it makes it way to easy to steal
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Male 9,306
"Uhm, this actually frightens me a bit. While this would make small time transactions easier.. it makes credit card information fairly easily obtainable. What if someone designed a hack to record the information of other`s credit cards? "

I was just thinking something similar. The fact that this is -so- easy frightens me as well.

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Male 749
Just memorize someone`s card number, forge their signature and you`re sorted.

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Male 1,523
Yea... I think that would make stealing credit card information easier...
But i don`t know crap about stuff like that so...
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Female 46
Uhm, this actually frightens me a bit. While this would make small time transactions easier.. it makes credit card information fairly easily obtainable. What if someone designed a hack to record the information of other`s credit cards?
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Male 30
wow this looks amazing i might actually get this
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Male 95
I want that.
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Female 61
Link: Square For Your iPhone: Wave Of The Future? [Vid] [Rate Link] - Cool technology, but can anyone else see how this iPhone gadget might cause lots of problems as well as fix a few?
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