For all of Square's fast growth, it's been exclusively the domain of US shopkeeps; others had to scrounge for an alternative, if there was one at all. The payment pioneer clearly isn't content to isolate itself or anyone else, as it's making its international debut with support for Canada. Locals can immediately request the free Mobile Card Reader and swipe credit cards with an Android or iOS device at the same flat, 2.75 percent rate that more experimental American stores know very well. Complete equality isn't available to Canucks just yet, as Square Wallet won't be available until 2013, but the access remains a step forward for Canadian merchants that don't want to be tied down to a terminal any more than their southern neighbors.
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Square Arrives in Canada
Canadians Can Now Accept Credit Cards and Run Their Business Using Square on Their Mobile Device
SAN FRANCISCO, CA--(Marketwire - Oct 24, 2012) - Square, the company making commerce easy for everyone, today announced availability in Canada. Square enables anyone, anywhere in Canada to accept credit cards, run and grow their business.
Square's free Mobile Card Reader plugs into the headphone jack of an iPhone, iPad, or Android device. Square Register is the free app that enables anyone to safely and securely accept credit card payments with one simple, low transaction rate of 2.75% per swipe, with no hidden fees. Funds from swiped payments are available the next business day, eliminating the wait for cash flow.
Canada is Square's first market outside the US. Over 2 million individuals and businesses can already accept credit cards with Square, and Square is processing over US$8 billion in annualized payments.
"We are focused on making commerce easy for everyone. Square builds free tools for local businesses of all sizes and types to thrive," said Alyssa Cutright, VP of International for Square. "We're thrilled to introduce Canadian businesses and their customers to the most seamless and enjoyable way to do business."
Square Register serves as a free full point-of-sale system for businesses to accept payments, track inventory, and monitor daily reports, empowering them to make smart decisions for their business. Square Register also helps businesses attract new customers with tools to create customized loyalty and rewards programs as well as showcase themselves in the Square directory.
Square Register app is free for download from the App Store and Google Play. Square's Mobile Card Reader is available for free on www.square.ca.