Small-business owners have big decisions to make when it comes to how they accept payment -- and investors should be taking note. Along with the traditional setups associated with Visa (NYSE:V) and MasterCard, customers can also pay using their iPhones or Android devices.
Mobile payments are expected to reach the $600 billion mark by sometime next year. Players include Google Wallet, eBay's (NASDAQ:EBAY) PayPal Here, and Intuit's (NASDAQ:INTU) GoPayment. But one company drawing a lot of attention is San Francisco-based Square, which will roll out at your local Starbucks (NASDAQ:SBUX) soon. In the video below, Motley Fool analyst Rex Moore speaks with a local business owner who's sold on Square because of its innovation and low cost.
Rex Moore owns shares of eBay. The Motley Fool owns shares of Apple and Starbucks and has the following options: short JAN 2013 $47.00 puts on Starbucks. Motley Fool newsletter services recommend Apple, eBay, Starbucks, and Visa. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.