[jcnnghm]

How exactly are they disrupting that? They are significantly more expensive than my merchant services provider.

The only place they may have an edge is low volume, low price, transactions.

[chopsueyar]

What kind of process did you go through to get your merchant account?

What kind of process does one go through to set up a Square account to take payments?

[dmix]

Disruptive technologies generally target early adopters first at a higher cost. Then once they move to a more mainstream market the prices drop.

[namityadav]

Nope. Disruptive technologies generally serve underserved parts of the market (often those who can't afford the current solution) by providing a good enough solution. Then with scale and time, the disruptive technology matures enough to replace the incumbent. Edit: read http://en.m.wikipedia.org/wiki/Disruptive_technology