Square launches new product for merchants who won’t give up on terminals [MarketWatch]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: MarketWatch
Square launches new product for merchants who won’t give up on terminals Square Inc. got its start selling dongles that allowed merchants to accept card payments from their iPads, but the company has more recently been branching into sleeker, smarter versions of traditional payments hardware. The company on Thursday announced the Square Terminal, its take on the little grey or black devices that we type our PINs into at the bodega or dry cleaner. The Terminal has Square’s SQ, -4.52% software built in and lets merchants change the prices of items, add tipping, or view their transaction history from the point-of-sale device itself. Jesse Dorogusker, Square’s head of hardware, told MarketWatch that merchants often have trouble getting traditional terminals, since they have to apply, meet credit requirements and deal with monthly charges. Square’s device eliminates the most annoying fees that come with some traditional terminals, such as a monthly security fee and a “hibernation fee” t
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