Square's Marvelous Mobile Payments Advantage

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.

This mobile revolution is still in its infancy, but with so many different companies it can be daunting to know how to profit in the space. Fortunately, The Motley Fool has just released a free report on mobile named "The Next Trillion-Dollar Revolution" that tells you how. Inside the report, we not only describe why this seismic shift will dwarf any other technology revolution seen before it, but we also name the company at the forefront of the trend. You can access this report free of charge just by clicking here.

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.


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  • Report this Comment On November 06, 2012, at 3:24 AM, rayfields wrote:

    Square has set the standards for other players in the mobile payment/card reader scene. But I have to say some of the startups may have surpassed Square's current technology. For one mPowa (www.mpowa.com) is moving to Chip & Pin device later this year.

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