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https://squareup.com/

Very interesting idea, Created by Twitter co-founder Jack Dorsey, Square allows users to download the app for free and use card reader that attaches to your phone thus allowing you to accept credit card payments.

The app charges users 2.75 percent of the transaction cost plus a 15-cent fee, this is less than what I pay right now for our debit/credit card machine at the office im pretty sure, mind you its 3.5% for manually entered.

It would not work for me as I need more than $1000 a month, but for some people I think its a great idea!
 
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