Square Reader Launches in the United Kingdom for £39

MacRumors

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Original poster
Apr 12, 2001
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Payments company Square today announced that it has officially launched within the United Kingdom, bringing its popular Square Reader to small and medium businesses within the UK Square's UK debut marks the company's first European launch, but its products are already available in the United States, Canada, Japan, and Australia.

In the UK, the Square Reader will cost businesses £39, and will act just as it does in other territories by connecting to a mobile smartphone or tablet, turning the device into a payment receptacle through the use of mobile wallets or physical credit cards. Every transaction that occurs in person will have a 1.75 percent flat fee charged to businesses, while all online, telephone, and electronic invoice transactions will incur a 2.5 percent fee.


After it's set up, businesses will be able to browse the Square software built for mobile devices to track real-time sales data, invoicing and digital receipts. In its announcement today, Square said that the UK is a prime target for its technology because the average UK adult carries less than £25 in cash, while 70 percent of UK shoppers prefer card payments. Despite these statistics, "half of the UK's 5.4 million small businesses do not yet take card payments."
"We founded Square to empower small businesses with tools to accept all forms of payment and to make a sale anytime, anywhere," said Jack Dorsey, CEO of Square. "We look forward to working alongside the millions of entrepreneurs and thriving small and medium-sized businesses across the UK, especially those who do not yet take card payments."
In the United States Square has been a partner with Apple over the past few years, launching an NFC reader that introduced Apple Pay and other mobile wallets to small businesses for the first time, while also recently giving them the opportunity to obtain free processing fees when processing transactions through Apple's mobile wallet.

Article Link: Square Reader Launches in the United Kingdom for £39
 

tmiw

macrumors 68020
Jun 26, 2007
2,153
475
San Diego, CA
So how does PIN work with the UK model? I know that the US one doesn't support it at all but considering that the country is chip and signature that was understandable.
 

tmiw

macrumors 68020
Jun 26, 2007
2,153
475
San Diego, CA
Looks like you enter the PIN on the device.
Sure, but Visa and the like have been reluctant to approve PIN entry on any random device. Square, however, does ask on the Australian ones but I think that's because PIN is actually required by law.
 

jcaron

macrumors newbie
Mar 12, 2014
1
0
I doubt a PIN could be required by law, it would most probably be required by the network instead. And as far as I know, PIN entry on a random user device is completely out of bounds, only closed pinpads / terminals are allowed for PIN entry, I'm quite surprised this kind of rule could have been relaxed.
 

oddbob

macrumors newbie
May 8, 2010
16
8
Scotland
I have kept an eye on square for a while. My wife runs a small business and i would like her to get something like this instead of using paypal. But with almost 2% charge per transaction it will be eating in to her already low profit. I guess paypal friends and family it is.
 

ipedro

Suspended
Nov 30, 2004
4,704
4,998
Toronto, ON
I've been with Square for years but they're going to lose my business. In Canada, we've been using chip and contactless cards for years, yet we're stuck with the Square magnetic swipe dongle.

The problem with that is that many banks and credit card companies have already started discontinuing magstrips on their cards so I often get clients who can't swipe their card and I have to manually input their number which charges me a "card not present" fee even though the card is actually present.

No word on when the new reader will work in Canada. I've asked them if I could just jump over to New York to buy a tap terminal but they say it won't work. Well then...
 

dontwalkhand

macrumors 603
Jul 5, 2007
5,239
1,257
I've been with Square for years but they're going to lose my business. In Canada, we've been using chip and contactless cards for years, yet we're stuck with the Square magnetic swipe dongle.

The problem with that is that many banks and credit card companies have already started discontinuing magstrips on their cards so I often get clients who can't swipe their card and I have to manually input their number which charges me a "card not present" fee even though the card is actually present.

No word on when the new reader will work in Canada. I've asked them if I could just jump over to New York to buy a tap terminal but they say it won't work. Well then...
It won't work as the Square Canada app isn't configured to communicate with the Contactless and Chip card reader.