News Column  Should Ambitious Youths Take Credit or Debit?  May
6, 2013  My son wants to use a credit card reader for his lawn-
cutting job. Can he do that?  The popularity of credit card
readers has exploded over the past few years, with
entrepreneurs, small businesses and - yes - even enterprising
youngsters figuring out a way to cash in on this latest
technology.  Credit card readers like Square, PayAnywhere or
GoPayment provide users with a small debit or credit card reader
at no charge that plugs easily into a smartphone or iPad.  Users
download a complementing app for their device and register their
bank account, allowing them to accept credit card payments with
a simple swipe on their smartphone or tablet. Payment is
generally deposited the following business day.  While the
reader is free, the charge to swipe is not. Most services charge
between 2.5 to 3.5 percent of each transaction for each swipe.
Many folks would enjoy the ability to pay their baby sitter or
lawn mower by credit. But before you agr