I’m sure the image that you see above has become quite a familiar sight across America. Apple stores have been flaunting a similar version for quite a while now, which almost resembles the Mophie . I first noticed this at Conshohocken Cafe , a quaint little breakfast place at Conshohocken, PA. Square , as they call it, they started to make money through the 2.75% transaction fee charged per swipe. Now my post was not particularly to about the Square, but instead, the Square Stand , that was announced today. At $299 a piece and a $499 iPad, this can replace the traditional cash registers in a blink of an eye. Sounds quite simple, as we start to see more and more dependency on the mobile device .
But wait, there is more. The exact same day, Paypal decides to announce its revolutionary product know as the Cash for Register . With a free credit/debit/paypal processing for the rest of the year for any qualifying US Business, we now have a competition!
The era of cash registers which opens up a “slot machine” of quarters and pennies is slowly disappearing. Whether its paypal or square, the digital revolution has spared none. Soon the traditional cash registers will just be a piece of antique in the museum!