Square -based payments firm Square has launched a contactless card reader that accepts payments from credit cards, Apple and Android Pay Pay in a bid to make transactions easier for small businesses. That makes it a great fit for everyday people who run micro-businesses, from market stalls to pet walking. The reader, roughly the size of a palm, costs around $40 and doesn't include any monthly fees. Business owners will just pay 2.2% of each transaction with a minimum $ around $40 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.
Square -based payments firm Square has launched a contactless card reader that accepts payments from credit cards, Apple and Android Pay Pay in a bid to make transactions easier for small businesses. The reader, roughly the size of a palm, costs around $40 and doesn't include any monthly fees. Business owners will just pay 2.2% of each transaction with a minimum $ around $40 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.