At least I hope this is my future!  I now officially need an iphone solely so I can have this app for processing credit cards: Square
There's no merchant fee or contract just 2.9% of sales.  And the processor itself is a beauty: looks like about an inch square that plugs into the audio jack of your iphone.  Never more would I be embarrassed about dragging out my gigantic machine with (shudder) the carbon copy triplicate receipts that look so 1982. 
Want.
 

 
 
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