This is the same process that is used for the iPad point of sale system built into the Square Stand, which will be available at participating Apple Stores beginning on July 9th. The stand supports an Apple iPad, has the aforementioned integrated credit card reader and connects with peripherals like a cash tray, receipt printer and a barcode scanner. The price for the Square Stand is $299 and works with the Square Register app.
The Square Stand is compatible with Apple iPads using the 30 pin connector which means it will work with the Apple iPad 2 and the third generation iPad. The Apple iPad accounts for 50% of the $15 billion that is processed through Square every year. You should soon see the Square Stand at 7,000 Starbucks as part of a deal with the caffeine pusher to invest $25 million in the processing company.