Square unveils 'Terminal' gadget to rival keypad credit-card machines [Los Angeles Times (CA)]
Block, Inc. Class A, (SQ)
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Source: Los Angeles Times
Square unveils 'Terminal' gadget to rival keypad credit-card machines Square Inc. unveiled a device that competes with old-school keypad-based credit-card machines, part of the payment company’s broader effort to attract new merchants. The product, called Square Terminal, enables sellers to ring up sales, process any type of payment and print receipts from one device, the San Francisco company said Thursday. The hardware costs $399, and the company charges a transaction fee for every payment. Sellers that are new to Square will get a discount on the machine. Square Terminal also has software with which merchants can access inventory, create discounts and send invoices. Square is betting its fast payments processing and simple design will woo more merchants away from competitors such as Ingenico Group and Verifone. The company has been expanding its hardware suite to attract larger customers and different types of merchants. Last October, Square unveiled a countertop hardware device th
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