Meet Square Terminal: A new, fairer way to take payments, replacing the keypad card machine
New types of Canadian business owners, from dry cleaners to restaurants, are joining Square
Toronto, ON - August 8, 2019 - Today, payments and point-of-sale company Square announced Square Terminal, a new, portable, all-in-one payments device for Canadian sellers to ring up sales, accept all forms of payment and print or email receipts. Square Terminal stands apart from keypad card machines as a modern, elegant device, and a fairer way to take payments. Many Canadian businesses wanting a dedicated payments device have dealt with extra fees and long-term contracts for far too long. With Square Terminal, these businesses now have a better way to take payments.
“Payment terminals are everywhere, from barber shops to dental offices to furniture stores, and most of the time these businesses are using 1980s calculator-style keypad card machines with complicated contracts and are paying extra fees,” said Jesse Dorogusker, Head of Hardware at Square. “With Square Terminal, we took something Canadian business owners know and have learned to live with, and turned it into something they will love. Businesses are better served with elegant hardware, transparent rates and no long-term contracts, ever.”
Built in-house and in part by hardware engineers in Square’s Toronto office, Square Terminal is a dedicated payments device for a wide range of sellers who don’t want to use a consumer device such as a smartphone or tablet as a business tool. With a battery that lasts all day, and both Wi-Fi or Ethernet internet connections, Square Terminal is versatile in helping sellers take payments at or beyond a countertop — around a retail shop, at the table in a restaurant or even when internet service is temporarily unavailable.
Ramin Samani, owner of leather repair and key-cutting shop Walk & Wear in Toronto said Square Terminal is another essential tool in his shop. “Finally, there is an honest payments system and it’s simple to understand fees with Square. I was fed up with the other payments providers I tried,” said Ramin. “I love how Square Terminal does it all and it just works. I even get compliments from my customers on the way it looks.”
Starting today, Square Terminal is available to order at square.ca/shop priced at $299 for a limited time. With Square Terminal, sellers pay low, transparent and fair transaction rates of 2.65% for every tap, insert or swipe credit card payment and 10¢ for every debit payment. To help smaller sellers, Square is offering zero-interest financing plans so businesses have the option to pay for Square Terminal in monthly installments. Sellers can focus on their business, knowing Square has them covered with data security, dispute management and fraud prevention all included in the flat rates. Sellers also receive 24/7 phone support and a one-year warranty, and can try Square Terminal risk-free for 30 days.
Square, Inc. (NYSE: SQ) revolutionized payments in 2009 with Square Reader, making it possible for anyone to accept card payments using a smartphone or a tablet computer. Today, Square provides tools that empower businesses and individuals to participate in the economy. A cohesive ecosystem of managed payments, hardware, point-of-sale software and other business services helps sellers manage inventory, locations and employees; build a website or online store; and grow sales. Square is headquartered in San Francisco, with offices in the United States, Canada, Japan, Australia, Ireland and the UK. Square operates in Canada through its wholly owned subsidiary Square Canada Inc. More information about Square is available at square.ca.
Square Canada Inc.