American mobile payments firm Square has introduced its card readers and point-of-sale (POS) devices in the UK.
Square’s card reader accepts payments from Visa, MasterCard and American Express cards, and pairs with the company's free POS software that delivers tools such as accepting payments to analyzing sales data and tracking inventory.
Vendors simply need to connect the device via Bluetooth to a phone or tablet and download the free Square Point of Sale app to get started.
The device costs £39 in the UK and charges flat fee of 1.75% for in-person payments, and 2.5% for all other transactions, including online, by phone or via an electronic invoice.
Square CEO Jack Dorsey said: “We founded Square to empower small businesses with tools to accept all forms of payment and to make a sale anytime, anywhere. We look forward to working alongside the millions of entrepreneurs and thriving small and medium-sized businesses across the UK, especially those who do not yet take card payments.”
Square UK Country Manager Sarah Harvey said: “Our simple hardware, transparent pricing and our suite of business tools make it easy and cost-effective for you to accept cards and manage your payments, and for your customers to pay with their card. We’re excited to be here in the UK and can’t wait to help businesses get started with Square.”
Square is currently available in Canada, Japan, Australia and the US.