Intuit GoPayment Generates Big Competition For Square

Mobile credit card processing competition is getting interesting.

Square has pretty much had the market to themselves in providing credit card handling and processing with their tiny devices which can be plugged into Apple iOS products or Android smart phones. And they have seen some big growth this year. But it appears that things are going to change now that Intuit has introduced their GoPayment unit along with credit card handling and processing. While this is not completely new, the fact that they are integrating it with QuickBooks is news. These two are much different than the expected NFC smart phone chips which use Point of Sale (POS) devices to process payments. Not of too much value if you are mobile in your business. The value Square and GoPayment provide is the ability for your business to be mobile and not be tied down by phone lines or large credit card readers. And this is the future for accepting credit card transactions for small business.

It was only a few months back, where we talked about the growth of Square. Square devices are something every small business should consider. And now there is Intuit's GoPayment device with Quickbooks integration which gives small business owners more choices on how to handle credit card payments. Especially if your business is mobile.

Reviews comparing Square and GoPayment are showing up and the decisions between the 2 services is not that simple. Obviously, your specific business needs will help you make a decision as to which one to go with. Pricing varies between the two competitors, but the big differences is all the other services you may already be using with Intuit. And with the integration with QuickBooks, it may make it more enticing for you to consider.

For a small business, it is all about choices and with these two solutions, you have just that. Whether it is Square's card reader or GoPayment's card reader, you have the ability to process credit card transactions in a very easy way. These devices are small and compact, unlike some other solutions which are much larger. And it is so easy to sign up and get started. You get the card reader free based on what the sites are showing today and there is no reason to believe that is going to be changing in the future. These two are competing against each. And competition like this is good for your small business.

If you have not taken advantage of these small credit card readers and payment processing for your small business, you should take some time and see how it could be a benefit to you.

Square Credit Card Processor Sees Significant Growth

Mobile credit card payment provider sees significant growth

If you are a small business owner and have not heard of Square, you probably need to look into this company. The are reporting a milestone of 2 million people who are using their services to accept credit card payments from customers. If you are a small business who is mobile this is a great idea for you. Even if you have a store front, Square can get you up and running to accept credit card payments in a matter of minutes. Then they will send you, for free, one of their square credit card readers for your business. It is that simple.

The "dongle" device plugs into your iPhone, iPad or Android mobile device to handle your credit card transactions. I have talked about the value of mobile payments for small business owners and with their recent news, they are continuing to show growth for a much simpler way to accept payments. In the most recent information, Square has doubled their clients in 6 months and that is showing just how popular they are becoming. The current estimates of the volume of transactions has them processing at $2 billion per year. That is a lot of money flowing through the Square clients and being processed.

While they take 2.75% of each transaction, the ability to set up your account quickly and the freedom of movement with their square device makes it well worth using. For your small business, it is the ease of use which brings value and is something new for most people to be seeing. At the moment, there is not a lot of competition in mobile credit card handling and Square has now positioned themselves as the leader in that area.

And with the recent growth, they are now starting to hire some formidable executives to round out their team. Their most recent addition is Sarah Friar from Salesforce to be the companies CFO. And there will be others in the next few months given the rapid growth they are seeing. As the economy continues to recovery, there will be more growth for mobile credit card handling.

You can head over to the Square website and take a look at what they offer.