London-based payments firm Square has launched a contactless card reader that accepts payments from credit cards, Android Pay and Apple Pay in a bid to make transactions easier for small businesses. The reader works with iOS and Android devices, connecting via Bluetooth. The new device is the first of its kind designed specifically for use with mobile payments, according to a press release issued by Square. Business owners will just pay 1.9% of each transaction with a minimum $1 purchase. Square can be used to send invoices, with the firm then taking 2.2% of the total payment. The device also has a card slot to allow for chip and pin payments.
London-based payments firm Square has launched a contactless card reader that accepts payments from credit cards, Android Pay and Apple Pay in a bid to make transactions easier for small businesses. The new device is the first of its kind designed specifically for use with mobile payments, according to a press release issued by Square. Business owners will just pay 1.9% of each transaction with a minimum $1 purchase. Square can be used to send invoices, with the firm then taking 2.2% of the total payment. The device also has a card slot to allow for chip and pin payments.