How it works is simply the iPhone handset will be able to read a credit card to put a triangle on the handset scanner that can read barcodes on your credit card and pay all your needs. This application can be used to accept credit cards and debit cards.
This application also allows small businesses to track inventory left over after selling the goods, to charge the cost to the client, and send invoices to clients via the iPhone's scanner is mounted triangle.
Currently, if you pay by debit card at merchants who are already using this tool, you will receive 1% cashback. Sndiri PayPal offers a simple flat rate of 2.7% for each friction card and PayPal payments. The system is launching in the U.S., Canada, Hong Kong, and Australia yesterday, and will be applied to the whole world soon.

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