Mobile Point of Sale is all about simplicity for small merchants, stripping away complex and onerous acquirer agreements – using mainstream retail channels to reach new potential merchants who maybe wouldn’t consider approaching a traditional acquirer Right?… In our recent experience of signing up with one the UK services promoted by a mobile network operator and delivered by an established acquirer – no.
The established acquirers may be able to offer a card reader and sign up wanabee Square service providers to distribute by but our experience shows that both parties have a way to go before they get the simplicity and immediacy vibe that has surely been a big part of the Square story.