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Though 90 percent of all consumers carry them, at present, about 27 million businesses across the U.S. do not accept credit cards, the report said. Having Visa promoting Square’s readers could begin to chip away at that number.
Square readers plug into the headphone jacks on iPhones, and, using an associated application, can accept credit card transactions for a low flat rate. In addition, these devices are available for free, or come with an account credit that completely refunds the purchase cost.
Image by Jorge Quinteros, via Flickr
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