October 3, 2017

Square launches new contactless and chip reader in Canada

TORONTO -- ​Square’s​ ​contactless​ ​and​ ​chip​ ​reader​ ​is​ ​available​ ​today​ ​to​ ​local​ ​businesses across​ ​Canada.​ ​The​ ​new​ ​reader,​ ​designed​ ​in​ ​part​ ​by​ ​Square’s​ ​hardware​ ​engineers​ ​in​ ​Toronto,​ ​makes​ ​it faster​ ​and​ ​easier​ ​for​ ​customers​ ​to​ ​pay​ ​with​ ​debit​ ​and​ ​credit​ ​cards​ ​at​ ​their​ ​favourite​ ​local​ ​businesses. Canadian​ ​sellers​ ​from​ ​a​ ​diverse​ ​set​ ​of​ ​industries,​ ​from​ ​retail​ ​stores​ ​to​ ​beauty​ ​salons​ ​to​ ​cafes,​ ​can​ ​now accept​ ​their​ ​customers’​ ​preferred​ ​ways​ ​to​ ​pay,​ ​including​ ​contactless​ ​cards​ ​and​ ​Interac​ ​Flash,​ ​and future-proof​ ​for​ ​the​ ​next​ ​wave​ ​of​ ​payment​ ​technology​ ​like​ ​Apple​ ​Pay​ ​and​ ​Android​ ​Pay.

With​ ​the​ ​new​ ​reader,​ ​customers​ ​can​ ​tap​ ​their​ ​contactless-enabled​ ​debit​ ​card,​ ​credit​ ​card,​ ​or​ ​mobile device,​ ​or​ ​insert​ ​their​ ​chip​ ​credit​ ​card.​ ​The​ ​entire​ ​transaction,​ ​whether​ ​it’s​ ​on​ ​the​ ​go​ ​or​ ​at​ ​the​ ​countertop, is​ ​complete​ ​in​ ​seconds.

"Businesses​ ​of​ ​all​ ​sizes​ ​should​ ​have​ ​access​ ​to​ ​technology​ ​that​ ​can​ ​help​ ​them​ ​succeed—starting​ ​with​ ​an affordable,​ ​quick​ ​and​ ​easy​ ​way​ ​to​ ​accept​ ​more​ ​ways​ ​their​ ​customers​ ​want​ ​to​ ​pay,"​ ​said​ ​Jack​ ​Dorsey, CEO​ ​of​ ​Square.​ ​"We​ ​believe​ ​everyone​ ​should​ ​be​ ​able​ ​to​ ​participate​ ​and​ ​thrive​ ​in​ ​the​ ​economy,​ ​and​ ​by leveling​ ​the​ ​playing​ ​field​ ​for​ ​local​ ​businesses,​ ​we​ ​can​ ​shorten​ ​the​ ​distance​ ​between​ ​having​ ​an​ ​idea​ ​and making​ ​a​ ​living​ ​from​ ​it."

“We​ ​are​ ​thrilled​ ​to​ ​bring​ ​even​ ​wider​ ​availability​ ​and​ ​acceptance​ ​of​ ​Interac​ ​Flash​ ​to​ ​local​ ​businesses across​ ​Canada​ ​through​ ​Square’s​ ​contactless​ ​and​ ​chip​ ​reader,”​ ​said​ ​Mark​ ​O'Connell,​ ​President​ ​and​ ​CEO of​ ​Interac​ ​Association​ ​and​ ​Acxsys​ ​Corporation.​ ​“We​ ​see​ ​mobile​ ​and​ ​contactless​ ​payments​ ​as​ ​the​ ​future, and​ ​Canadian​ ​customers​ ​and​ ​businesses​ ​are​ ​well​ ​positioned​ ​to​ ​adopt​ ​new,​ ​safe​ ​and​ ​fast​ ​payments technology.”

Based​ ​on​ ​recent​ ​company​ ​research,​ ​more​ ​than​ ​70%​ ​of​ ​Square​ ​sellers​ ​from​ ​across​ ​Canada​ ​did​ ​not​ ​accept card​ ​payments​ ​before​ ​using​ ​Square,​ ​which​ ​shows​ ​Square’s​ ​payment​ ​tools​ ​uniquely​ ​meet​ ​the​ ​needs​ ​of individuals​ ​and​ ​business​ ​owners​ ​in​ ​Canada.​ ​With​ ​the​ ​newest​ ​reader,​ ​Square​ ​will​ ​continue​ ​to​ ​provide​ ​easy and​ ​affordable​ ​access​ ​for​ ​Canadians​ ​to​ ​get​ ​started​ ​in​ ​minutes,​ ​take​ ​payments​ ​instantly​ ​and​ ​receive​ ​their money​ ​as​ ​soon​ ​as​ ​the​ ​next​ ​business​ ​day.

“Our​ ​customers​ ​are​ ​surprised​ ​they​ ​can​ ​have​ ​the​ ​same​ ​quick​ ​and​ ​easy​ ​payment​ ​experience​ ​at​ ​our​ ​shops as​ ​they​ ​do​ ​at​ ​larger​ ​retailers,”​ ​said​ ​Square​ ​seller​ ​Anet​ ​Gesualdi,​ ​co-owner​ ​of​ ​AG​ ​Macarons.​ ​“Being​ ​able​ ​to accept​ ​contactless​ ​cards,​ ​including​ ​debit,​ ​and​ ​mobile​ ​payments​ ​shows​ ​our​ ​customers​ ​we​ ​are​ ​a forward-thinking​ ​business.”
The​ ​contactless​ ​and​ ​chip​ ​reader​ ​is​ ​now​ ​available​ ​for​ ​order​ ​at​ ​​Square​ ​Shop​​ ​for​ ​$59,​ ​with​ ​free​ ​shipping nationally.​ ​To​ ​celebrate​ ​the​ ​launch,​ ​we​ ​are​ ​waving​ ​transaction​ ​fees​ ​on​ ​debit​ ​for​ ​all​ ​new​ ​and​ ​existing Square​ ​sellers​ ​through​ ​the​ ​end​ ​of​ ​2017.​ ​The​ ​new​ ​reader​ ​will​ ​be​ ​available​ ​in​ ​weeks​ ​at​ ​leading​ ​retailers including​ ​Staples,​ ​Apple,​ ​London​ ​Drugs​ ​and​ ​Amazon.ca.

 

 

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