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I think, for small businesses, the problem is that the setup cost and fixed operating costs are amortised over too few transactions to be negligibly cheap - and

I think, for small businesses, the problem is that the setup cost and fixed operating costs are amortised over too few transactions to be negligibly cheap - and that's before considering the slightly higher actual transaction fees for such businesses. Square, iZettle and I think PayPal and a few other are doing things in this area, leveraging smartphones, but it's still early days.

CydeWeys 10y ago
The Square POS terminals using tablets (it is iPads?) that rotate for you to sign are nice. I especially like how they'll automatically email you a receipt, which is great for reimbursements or filing taxes because it means I don't need to scan anything. I've never been impressed with anything using a cell phone though. It's too clunky of an experience. I get that it might be useful for farmer's market and other very small retail situations, but when I'm going into a retail store, a real POS terminal is better.