Payments company Square today announced the launch of a new point-of-sale hardware device called 'Terminal,' which combines NFC, credit/debit card swiping, and chip-based payments all in one piece of hardware. Like Square's other devices, Terminal supports Apple Pay, Google Pay, and other mobile wallets using near-field communication.
Square Reader now supports payments on Mac and Chromebook, too. The Reader relied on the 3.5mm headphone jack of a smartphone or tablet to work with its companion mobile app. Now, Square says. Download Square Point of Sale. Square Point of Sale is available in the App Store and on Google Play.
Its card reader is a small, white square that plugs directly into smartphones and tablets. Pros: The Square app has an easy-to-navigate design with big, clearly-labeled buttons.
Square says Terminal can be used alongside an existing point-of-sale solution or as its own standalone payment processing system. Terminal also has an all-day battery, Wi-Fi and Ethernet internet connections, an offline mode, quick setup, fraud prevention, and is fully mobile so it can be used on a countertop or taken directly to customers. In terms of pricing, businesses will have to pay one transaction rate of 2.6% + 10¢ for every payment, and Square promises no hidden fees.
“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.”Square first launched its original NFC reader back in November 2015, allowing any business to introduce Apple Pay support to their checkout process. Over the years the company expanded into the United Kingdom, introduced new point-of-sale devices like the Square Register, and updated the swipe-based Square Reader with a Lightning connector.
Those interested can purchase Terminal in the Square Shop for $399, or pay $37 per month for 12 months.
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