R&B vocalist Kira Small and her husband, bassist Bryan Beller, was in our area this summer to perform at a house concert that I was hosting. After the concert, Kira was selling CDs at the merch table. She was taking credit card purchases with this tiny white box that plugs into to her iPhone.
She told me about Square, and I decided I would test it out and see how it worked for my teaching studio. At this point all my credit card transactions were happening through PayPal, so it seemed wise to develop some alternatives.
Square has been fantastic so far, a huge step up from Paypal in many respects. The transaction fees are lower (we will look at data shortly), I have the ability to take payments anywhere quickly, I can provide receipts on the spot, and all the money is automatically deposited overnight in my bank account.