The mobile payment start up has shaken things up again with Pay with Square.
Here’s how Pay with Square works:
1. Consumers will download the Square app and register. This will link their payment card to it.
2. They then search Square’s directory of merchants and find a store or restaurant they are interested in.
3. The customer them selects the merchant plan to shop at, they take picture of themselves and load it into the App. They can then open “tab” that that will enable them to pay with their name.
4. Once at the merchant store location the consumer will, without having to show the GPS enabled smart phone is is carrying can direct the merchant to put the purchase on their Square tab.
5. The customer’s name and photo then automatically appear on the merchant’s register.
6. Next the merchant confirms the consumer’s identity and the product purchased and it is charged to the accont tied to the customer’s Square mobile wallet.
This is going to shake up the mobile merchant services industry for sure!
