[Dansvan]

I've been using the Square on my iphone to take customers credit cards as payment for about two months now. It's been working great. I like the fact that the fees come out of the deposit, fees are competitive, and it allows me to take Amex cards without me having to pay the Amex fees to do so. I have a few questions though... these type of readers allow a person to swipe their own card and have money deposited into their own account, circumventing the card issuers cash advance fees. And I'm sure Amex isn't happy to be losing money. I still have my old card reader and the monthly fees that go with it. I would like to dump it but am worried that the phone style card readers will be forced to go away. Unwarranted worry?