For those who are unaware, Square is a company trying to, if not revolutionize, at lease evolve the electronic payments marketplace. And I do mean marketplace because they aren’t creating another PayPal. They are focusing on the credit card acceptance systems typically controlled by merchant services companies.

I grew up working in my family’s beach shop, so I’m particularly intrigued by how these services can benefit from a more web 2.0 way of operating.

The Gist: Credit Cards Now Accepted (by everyone)
Square has developed a small, simple device that adds credit card reading abilities to mobile phones like the iPhone. Using this devise, and their software, anyone can have a mobile credit card terminal for zero up-front costs.

You can find out more at Square’s website.