I haven’t seen it in action but it appears that SMBs can accept payments through the app by manually keying in credit card numbers or using the Square card reader on their iPhones.
As an aside, there are two apps from AngiesList: the consumer-facing app and this business center merchant app.
In AngiesList Square obviously gets a new SMB channel partner — it also just announced a deal with Verizon — and AngiesList gets new functionality to make its app and service more valuable for contractors and others.
But what’s most interesting to me is how this is representative of a larger trend toward mobile credit card acceptance among SMBs, facilitated by third party platforms. In 2009, ServiceLive (from Sears) was one of the first to do this, though it only offered online payments.
Between the iPad-based POS systems and multiple other SMB mobile payments tools and services, mobile payment acceptance will be widespread in the SMB sector in the next two to three years.