Digg founder Kevin Rose does a quick demo of the Square payment system for iPhone (oh yeah, he’s now an investor). The system looks pretty innovative overall but it will be interesting to see if they can get the credit card companies to lower their margins on the transactions enough to make it worthwhile.  

What percentage of a credit card transaction would you be willing to give up for the convenience?  3%? 6%?  10%?

By the way, were you quick enough to get the numbers off of Kevin Rose’s Platinum Amex card?

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author