For small business owners or individuals selling goods or services, a common business challenge is the ability to accept payments from customers wanting to use a credit card. This is especially true for those who conduct business “in the field” or otherwise don’t have a fixed point-of-sale system. Square introduced a unique solution to this problem in the form of a mobile card reader that plugs into the headphone jack of iOS or Android devices. Users can then accept payments using the Square Register app on the device for a fee of 2.75% per swipe without having to jump through the normal hoops associated with establishing a merchant account with a financial institution.
Until now, one of the limitations has been geographic as Square was only doing business in the U.S. That changed today with Square’s announcement that they are expanding into Canada. Hit the break to read the full press release.
Square Arrives in Canada
Canadians Can Now Accept Credit Cards and Run their Business using Square on their Mobile Device
SAN FRANCISCO – October 24, 2012 – Square, the company making commerce easy for everyone, today announced availability in Canada. Square enables anyone, anywhere to accept credit cards, run and grow their business.
Square’s free Mobile Card Reader plugs into the headphone jack of an iPhone, iPad, or Android device. Square Register is the free app that allows anyone to accept safe and secure credit card payments with one simple, low transaction rate of 2.75% per swipe, with no hidden fees. Funds are available the next business day, eliminating the wait for cash flow.
Canada is Square’s first market outside the US. Over 2 million individuals and businesses can already accept credit cards with Square, and Square is processing over US$8 billion in annualized payments.
“We are focused on making commerce easy for everyone. Square builds free tools for local businesses of all sizes and types to thrive,” said Alyssa Cutright, VP of International for Square. “We’re thrilled to introduce Canadian businesses and their customers to the most seamless and enjoyable way to do business.”
Square Register serves as a free full point-of-sale system for businesses to accept payments, track inventory, and monitor daily reports, empowering them to make smart decisions for their business. Square Register also helps businesses attract new customers with tools to create customized loyalty and rewards programs as well as showcase themselves in the Square directory.
Square Register app is free for download from the App Store and Google Play. Square’s Mobile Card Reader is available for free on square.ca.
About Square, Inc.
Square is making commerce easy for everyone. Square’s Mobile Card Reader enables anyone to accept credit cards anywhere, anytime at one simple rate. Square Register serves as a full point-of-sale system for businesses to accept payments, track inventory, and share menu and location information. Square Wallet, available in the US, is the most seamless way to pay, enabling individuals to pay with their names at their favorite local businesses, discover new ones nearby, explore menu listings, and store receipts. Founded in 2009, and headquartered in San Francisco, Square is currently available in the U.S. and Canada. More information is available at square.ca.