Square is changing the way we pay each other.
This past Sunday I was out to brunch with friends, escaping the drizzly weather. Soon enough the check arrived and as usual, one person had cash, everyone else had credit cards and we were working out the arithmetic on a napkin when it hit us: why not pay one person with Square and save the waiter the headache of figuring out who is paying what?
Square is a mobile payment device that is revolutionizing the way anyone can accept payment. Using a Square dongle, simply hook it up to your smartphone, download the Square application, create an account and voila -- you can now swipe credit cards using the dongle, email bills and see the money deposited into your bank account.
It certainly helped that I was sitting at brunch with two Square employees, both of which had dongles and applications all set up, but the process was so simple and so revolutionary that I imagine this Bay Area company is going to have quite a success on their hands.