but it takes a few days to link to your Square account to your bank account. California - 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 , roughly the size of a palm , costs around $ 1 and does n't include any monthly fees . Business owners will just pay 1 % of each transaction with a minimum $ 1 purchase . Square can be used to send payments , with the firm then receiving 2.2 % of the total payment . The device also has a card reader to allow for chip and pin payments .
California - 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 , roughly the size of a palm , costs around $ 1 and does n't include any monthly fees . Business owners will just pay 1 % of each transaction with a minimum $ 1 purchase . Square can be used to send payments , with the firm then receiving 2.2 % of the total payment . The device also has a card reader to allow for chip and pin payments .