Square Turns Your iPad Into A Cash Register

Erick Schonfeld

Erick Schonfeld is a technology journalist and the executive producer of DEMO. He is also a partner at bMuse, a product incubator in New York City. Schonfeld is the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily... → Learn More

Saturday, April 3rd, 2010

As a general-purpose tablet, the iPad can be many things to many people: an ebook reader, a wireless TV, a touchscreen videogame console. But to store owners and business people it can also be a cash register, with the right app, of course. Jack Dorsey’s Square, which was initially developed for the iPhone, now has an iPad app as well (iTunes link).

Square comes with a peripheral credit card swiper that lets any store or business person take credit card (or cash) payments on iPhones, and now, iPads. It takes finger signatures on the touchscreen, generates email or SMS receipts, calculates sales tax, and comes with an online accounting dashboard to keep track of sales. (You can watch our video of how the iPhone app works).

The iPad version is going to be appealing to many merchants because of the bigger screen and because it just looks more professional—more like some of the custom point-of-sale tablets you already see at some retailers today. But an iPad is probably much cheaper than some of those custom hardware systems, and Square’s payments software on the backend will keep getting better. Square can add new features without swapping the hardware.

So while the iPad will mostly be a consumer device, it opens up some interesting new opportunities for businesses as well.

Read our full list of the best iPad apps at launch here.

Company: Square
Website: squareup.com
Launch Date: February 2009
Funding: $341M

Square is making commerce easy for everyone. Starting with a free credit card reader for the iPhone, iPad, and Android devices, Square Reader allows anyone to accept credit cards anywhere, anytime, for a low transaction rate of 2.75 percent per swipe, with no hidden fees. Square Register serves as a full point-of-sale system for businesses to accept payments, manage items, and share menu and location information. Square Wallet, available in the US, is the most seamless way to pay,...

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Product: iPad
Website: apple.com
Company Apple

The Apple iPad, formerly referred to as the Apple Tablet, is a touch-pad tablet computer announced in January 2010, and released in April 2010. It has internet capabilities running on either WiFi or 3G, and offers an optional dock with a full size mechanical keyboard. The iPad is a line of tablet computers designed, developed and marketed by Apple Inc. primarily as a platform for audio-visual media including books, periodicals, movies, music, games, and web content. Its size and...

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