Unfortunately, PayPal has reached the point in the market where it is truly useful. A merchant account solves one angle of the problem of finding a replacement for me - the other side is paying people, and I've been finding more and more lately that almost everyone I encounter or hang out with has a Paypal account - if I wanted to pay by CC, it's difficult - even most of my small business friends can't do this conveniently - but when I offer to settle up with someone by Paypal, they almost always have an account and it takes only a minute.
Square would solve the problem for many, but... would the average person carry around a hardware device so their friends can give them money by cell phone? Probably not.
Square would solve the problem for many, but... would the average person carry around a hardware device so their friends can give them money by cell phone? Probably not.