Sigh. So. Yeah. A friend of mine was screwed over by the asshats who currently provide POS CC facilities. He bought out his partners in a computer shop, mostly single systems and parts sales. This was in the 90s. Business was growing. He had good credit and lots of cashflow. When the business changed hands they cut off the CC POS service citing contract termination due to ownership change. Reducing the number of owners to one person. Right. He applied for a new service. They responded by sending out a technician to retrieve the POS machine. The technician never showed. My friend applied for a new service. After weeks of being able to only accept cash or cheque they declined the request and put it on hold. He contacted other banks. No one would provide a credit card point of sale device and account while a business had an existing request pending or denied. One year later he had to close his shop. The lack of credit card facility crippled him. According to the bank, when he assumed full ownership the business ended and started again as a brand new business. A business with no history. With one owner. And, over time, a business with dwindling sales.

The option being offered by Apple is interesting news, to me. YMMV. TFA mentions an Android version soon from Google and Samsung.