23 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Square arrives in Canada

24 October 2012  |  6530 views  |  1 Square signature

Square has finally made it over the border, launching its app and dongle-based system for turning mobile phones into card acceptance devices in Canada.

Canadian merchants can now get hold of free Square card readers that plug into the headphone jack of an iPhone, iPad, or Android device and download the free Square Register app.

As well as accepting payments, the app also lets users track inventory, monitor daily reports and create customised loyalty and rewards programmes.

As in the US, the firm charges a transaction rate of 2.75% per swipe, with no hidden fees. Funds from payments are available the next business day.

Alyssa Cutright, VP, international, Square, says: "We are focused on making commerce easy for everyone. Square builds free tools for local businesses of all sizes and types to thrive. We're thrilled to introduce Canadian businesses and their customers to the most seamless and enjoyable way to do business."

Jack Dorsey's firm has seen huge growth over the last 18 months, making it the dominant player in the US app and dongle market, claiming more than two million users and $8 billion in payments processed a year. In September it closed a $200 million funding round, valuing the company at $3.25 billion.

However, while Square was first on the scene in the States, it arrives in Canada behind rivals PayPal Here and Intuit GoPayment and local entrant Axxess Payments.
KeywordsEFTPOS

Comments: (1)

A Finextra member
A Finextra member | 30 October, 2012, 09:14

Canada is an EMV country as far as I know.

So I am waiting with excitement to read Visa's response about using non EMV card reader in Canada.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Square cuts New York taxi pilot short

Square cuts New York taxi pilot short

16 October 2012  |  8663 views  |  0 comments
Payleven launches chip and PIN-based Square clone

Payleven launches chip and PIN-based Square clone

03 October 2012  |  11234 views  |  0 comments | 1 linkedin
Square closes $200m funding round

Square closes $200m funding round

17 September 2012  |  6935 views  |  0 comments
Square payments hit by outage

Square payments hit by outage

22 August 2012  |  7567 views  |  0 comments
Mobile innovators Square and Starbucks team up

Mobile innovators Square and Starbucks team up

08 August 2012  |  8744 views  |  1 comments
VeriFone revamps card reader to take on Square

VeriFone revamps card reader to take on Square

08 May 2012  |  6455 views  |  0 comments
PayPal launches Square rival

PayPal launches Square rival

16 March 2012  |  11693 views  |  4 comments
Intuit takes GoPayment to Canada

Intuit takes GoPayment to Canada

10 January 2012  |  7207 views  |  0 comments
Square valuation reaches $1 billion following new funding

Square valuation reaches $1 billion following new funding

29 June 2011  |  9509 views  |  0 comments
Square accused by rival of massive security failing

Square accused by rival of massive security failing

10 March 2011  |  12799 views  |  5 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euParticipate in the surveyVisit capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Bank of England sets up fintech Community; runs blockchain and AI trialsBank of England sets up fintech Community;...
16485 views comments | 33 tweets | 26 linkedin
hands typing furiouslyMachine Learning: Lessons for Banks From S...
10191 views 0 | 12 tweets | 9 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
7725 views comments | 23 tweets | 36 linkedin
satellite26 Japanese banks register for Exchange-ru...
7534 views comments | 2 tweets | 1 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
6301 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job