iPhone App :: Credit Card Terminal

I saw this on one of the recent iPhone commercials and I had to do a double take - how sweet is this?! What it does is allow you to charge someone via credit card... Right there on your iPhone. Too cool. I don't know how all the rates work and if they're as competitive as your plain jane credit card terminal, but it's certainly worth looking into. It seems like a lot of bands these days have iPhones and this is an easy way to sell merch.

iTunes link