Square COO: Retailers choosing Apple iPads over cash registers at alarming rate

“Square’s COO Keith Rabois is predicting that nearly all retailers will be running their business off an iPad or comparable device in the near future,” Tricia Duryee reports for AllThingsD.

MacDailyNews Take: There is no comparable device.

“When pressed for a time frame in a recent interview, Rabois claimed that the transition could take place in as little as 18 months,” Duryee reports. “This would be a very fast pace, given that so many merchants have already invested thousands of dollars in their point of sales machines — not to mention other hurdles, such as getting employees up to speed on new systems.”

Duryee reports, “‘The era of standalone machines is over,’ said Rabois, a former executive at PayPal. ‘Everyone will be migrating to iPads and comparable devices, which will be powered by an app — that is, hopefully, Square.'”

Read more in the full article here.

[Thanks to MacDailyNews Reader “MotivDev” for the heads up.]

Related articles:
Inside Apple’s secret plan to kill the cash register – May 19, 2012
Square’s new app turns Apple’s iPad into full-blown cash register (with video) – March 5, 2012
Apple’s iPad already replacing cash registers by the bushel – August 23, 2011

31 Comments

  1. It is already happening at small shops with innovative leaders. I’m surprised it has taken this long for an article.

    Pain du Monde in Fashion Island @ Newport Beach has been on iPads for many months. Staff and customers love them. It speeds up both orders and card charges as most people choose paperless confirmations with just finger tip choice and signatures.

  2. Apple, with 3rd-party developers, disrupts yet another industry. And don’t forget about the ability to incorporate iPod touches or iPhones sales staff deployment to keep everyone interconnected and instant customer service. As Apple stores do. No standalone cash registers: iPads, iPhones, iPod touches for checkout, check-in, information. Retail integration at its best. I have yet to see any deployment of an Android system. Not in this galaxy.

    1. What I find particularly interesting is that a large number of POS Windows PCs used in the count of market share are actually POS (point of sale in this case) terminals. This could kick PC market share down a couple of notches.

  3. My company is changing over to square on the iPad in October. Great software for free, but the rate is about a point more than normal, but no upfront costs other than the iPad. The register program lets you put in 1000s of items do you just touch to check out then email the receipt.

    1. After carefully reviewing Square, I found PayAnywhere to be a better option. 2.67% with no minimum, no fees, and best of all I can talk to a real person when I call customer service, instead of having to email customer support and wait for a response. They sent the reader “free” ($20 s&h) but that’s the only extra fee I had to pay. I get money in my account within 2-3 days.

    1. Apple revenue and profits have nothing to do with the share price. If it did, Apple share price wouldn’t be playing second fiddle to Google’s share price. asymco’s Dediu has pointed out many times that Apple’s share price is disconnected from revenue and will continue to stay that way. All that will happen is a constantly shrinking P/E. Apple’s share price might reach $850 by 2015 even with steady revenue growth but that’s about it.

      1. … a company’s (not just Apple’s) revenue and profits are not hard-wired to the stock price, the three tend to move along similar paths. Revenue goes up, profit tends to go up, stock price usually goes up. The P/E for AAPL is admirably low at the moment, just one good reason to buy and hold. Lots of room.

      2. You should follow Asymco a bit more closely. Horace has shown that there is a fairly tight and consistent correlation between aapl’s pps growth and the growth of their cash, which of course is driven by earnings. And apologies if this sounds harsh, but your daily whine about Google’s pps simply makes you sound like a noob.

  4. And even if they don’t fully change over, many of them use an iPod for interfacing to many services like Groupon. When you bring in a Groupon, many places will scan it using an iPod, then type in the number into the register.

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