Square launches Terminal, a replacement for keypad credit card machines

screen-shot-2018-10-18-at-1-48-24-pm.png

Square on Thursday unveiled Terminal, its new touchscreen alternative to legacy, keypad credit card machines. Terminal is described as an all-in-one card processing device, meaning that it accept physical debit and credit cards as well as mobile payments through Apple Pay, Google Pay, Samsung Pay, and NFC.

Featured stories

The wireless device is said to have all-day battery life, can process payments over Wi-Fi or Ethernet internet connections and is also able to print receipts. With this form factor, Square is pitching the device as a useful option for sellers that take payments on the go.

“[Terminal] 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,” the company noted in a blog post. “Square Terminal also offers sellers a fair and flat rate for every transaction regardless of card type.”

In terms of pricing, Terminal comes with an up-front cost of $399 for the device, and then a 2.6 percent + 10 cent transaction fee for every dip, tap, or swipe payment. As an incentive for businesses that switch to Square, the company is offering Terminal for $99 after a $300 processing credit.

San Francisco-based Square, headed up by Twitter CEO Jack Dorsey, has greatly diversified its portfolio over the years, expanding into corporate catering and lending, and building tools for email marketing, payroll, and customer management. Its hardware portfolio is one of its smaller revenue lines, bringing in $18 million during Square’s most recent quarter. The addition of Square Terminal and its somewhat higher price point should help grow the segment over the long run.

PREVIOUS AND RELATED COVERAGE:

Square has made $37 million supporting Bitcoin trading

The company disclosed the updated figure with its second quarter financial results, which beat estimates.

Square launches restaurant POS system with integrated delivery function

The platform leverages technology from Square’s Caviar delivery business, resulting in a combined first-party ordering platform and point of sale.

Square buys website builder Weebly for $365 million

The deal marks Square’s second acquisition in a week’s time following its purchase of the catering platform Zesty.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 61,564.00
ethereum
Ethereum (ETH) $ 3,867.82
binance-coin
Binance Coin (BNB) $ 474.21
cardano
Cardano (ADA) $ 2.22
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.14
solana
Solana (SOL) $ 160.44
polkadot
Polkadot (DOT) $ 43.07
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239551
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 61,564.00
ethereumEthereum (ETH)
$ 3,867.82
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 630.00
litecoinLitecoin (LTC)
$ 190.17
bitcoinBitcoin (BTC)
53.022,92
ethereumEthereum (ETH)
3.331,22
tetherTether (USDT)
0,861265
bitcoin-cashBitcoin Cash (BCH)
542,60
litecoinLitecoin (LTC)
163,79
bitcoinBitcoin (BTC)
44,942.03
ethereumEthereum (ETH)
2,823.53
tetherTether (USDT)
0.730005
bitcoin-cashBitcoin Cash (BCH)
459.90
litecoinLitecoin (LTC)
138.83

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

ICo Presale
The Science Behind ICO Presales…
October 14, 2021
Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,578 0.09 % 6.77 % 14.26 %
Ethereum3,866.3 0.12 % 2.19 % 7.55 %
Binance Coin475.41 0.00 % 1.50 % 8.06 %
--- --- --- ---
Tether0.9986 0.03 % 0.08 % 0.23 %
--- --- --- ---
--- --- --- ---
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
--- --- --- ---

bitcoin
Bitcoin (BTC) $ 61,564.00
ethereum
Ethereum (ETH) $ 3,867.82
binance-coin
Binance Coin (BNB) $ 474.21
cardano
Cardano (ADA) $ 2.22
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.14
solana
Solana (SOL) $ 160.44
polkadot
Polkadot (DOT) $ 43.07
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239551