SAN FRANCISCO--(BUSINESS WIRE)--Today, Square, Inc. (NYSE: SQ) announced Square Terminal, an integrated and innovative all-in-one card processing device designed to be fast, fair, and secure.
Square Terminal allows sellers to ring up sales, accept all forms of payments quickly, and print receipts, all from one affordable and elegant device. It is the best solution for businesses that use their own point-of-sale solution or manually key in a payment amount, and want to process payments with Square. Square Terminal also offers sellers a fair and flat rate for every transaction regardless of card type.
“We love how the hardware, payments, and printer are all part of one device,” said Fabrice Borg, manager of Prive by Laurent D Salon in New York, NY. “Square Terminal makes for a more seamless and professional experience when we bring the terminal to our customers and they can pay for their services right from the salon chair.”
Built in-house, Square Terminal has a unique and simple design, giving any business a more professional look. With a battery that lasts all day and both Wi-Fi or Ethernet internet connections, sellers will never have to worry about missing a sale, whether they’re taking payments at the countertop or bringing the terminal right to their customers’ hands.
“Payment terminals are everywhere, from liquor stores to dry cleaners to dentists, and with Square Terminal we can now serve these sellers better with new, elegant hardware on top of Square’s fair and secure payments service,” said Jesse Dorogusker, Head of Hardware at Square. “Square Terminal is designed from the ground up to ensure a feeling of familiarity, so sellers and their customers can use it right away. With Square Terminal, we now offer a sophisticated and modern hardware-plus-software solution for every type of business.”
“Square Terminal is much faster and more reliable than the hardware we were previously using, and the payments are cheaper, too. Our customers also love that we now accept mobile payments like Apple Pay and Google Pay,” said Carrie A. Green, owner of DeMun Professional Cleaners in St. Louis, MO. “We’re really happy we made the switch to Square.”
With no hidden fees, Square Terminal stands apart. Sellers pay one low, transparent, and fair transaction rate of 2.6% + 10¢ for every dip, tap, or swipe payment, and $399 for the device. New-to-Square sellers who make the switch pay just $99 for Square Terminal after a $300 processing credit. Square Terminal enables sellers to focus on their business, knowing Square has them covered with data security, dispute management, and fraud prevention all included in the flat rate. Sellers also receive 24/7 phone support, a one-year warranty, and the ability to try Terminal risk-free for 30 days.
Square Terminal is available to order today at Squareup.com/shop.
About Square, Inc.
Square, Inc. (NYSE:SQ) creates tools that help sellers start, run, and grow their businesses. Square enables sellers to accept card payments and also provides reporting and analytics, next-day settlement, and chargeback protection. Square’s point-of-sale software and other business services help sellers manage inventory, locations, and employees; access financing; engage buyers; build a website or online store; and grow sales. The Cash App is an easy way to send, spend, and receive money, and Caviar is a food-ordering platform. Square was founded in 2009 and is headquartered in San Francisco, with offices in the United States, Canada, Japan, Australia, Ireland, and the UK.
Safe Harbor Statement
Statements in this press release, including, but not limited to, statements regarding Square’s products and expected performance, and expected benefits of our products to users, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of uncertainties and risks.
These risks include, among others, incompatibility of technologies, changes to the rules and practice of payment card networks, as well as other risks described in the Company’s latest Quarterly Report on Form 10-Q or Form 10-K, which is on file with the SEC. All forward-looking statements are based on information available to the Company as of the date of this press release and the Company assumes no obligation to update any of these statements in the event facts or circumstances subsequently change.