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Square Reader for Magstripe for iOS Devices

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Here is another handy tool that lets you easily accept payments on your mobile device. The Square Reader for Magstripe lets you accept Visa, MasterCard, Discover, and American Express payments for 2.75% per swipe. Deposits can be seen in about two days but you can also enable Instant Deposit.

This device works with any point-of-sale app on your phone. Costs $10 at this time.

[where to get it]