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by evo_9 4789 days ago
What an absolutely brilliant & simple move by Square. POS register systems are a huge, costly market and this is an incredibly attractive option, esp at that price - talk about disruption! Nice job guys!
2 comments

I've already seen quite a few shops/bars using iPads as POS registers. This particular aspect is Square following with what's out there.

Not that Square isn't disruptive in other ways.

Groupon already does this and cheaper http://breadcrumb.groupon.com/
The updated link is https://upserve.com/platform/restaurant-pos/

(The old link does not redirect, and we got an email asking us to update it.)

Groupon charges 1.8% + $0.15 per swipe for Visa/MC/D, Amex varies.

Square charges 2.75% + $0.00, so the transaction amount breakeven point is $15.80 and Groupon is cheaper for amounts > 15.80, but Square is cheaper for amounts < 15.80

A couple of things:

1.) The fact that Breadcrumb has a "Pro" option and requires me to schedule a demo, suggests that it's more of a complex system than Square.

2.) Breadcrumb looks to be targeted specifically toward restaurants.

3.) I bet Square will be around for a heck of a lot longer than Groupon will.