Jack Dorsey, CEO and co-founder of Square, poses for a photograph in Toronto on Wednesday, August 7, 2019. THE CANADIAN PRESS/ Tijana Martin

Square brings new checkout device to Canada as competition in sector increases

Square’s white plastic device, called the Terminal, replaces the physical keypad design with a glass touch screen

Square Inc. is introducing a new option at Canadian checkout counters, as the Silicon Valley giant looks to shake up the country’s payment space.

The company, which started with a simple smartphone-based credit card scanner used by small businesses, is launching a device in Canada aimed to more directly compete with the ubiquitous grey boxes that scan payment cards at checkouts.

Square’s white plastic device, called the Terminal, replaces the physical keypad design with a glass touch screen that it says allows for more clarity at checkout with a variety of display options such as a full breakdown of the bill.

The company says it also offers transaction rates of 2.65 per cent for credit card payments and 10 cents for every debit payment, without the contracts and sometimes complex pricing offered in a market dominated by Canadian banks.

The rollout of the Terminal, which first launched late last year in the U.S., comes as Ottawa-based online store platform Shopify Inc. pushes more into the realm of bricks and mortar with a suite of hardware checkout options.

Moneris Solutions Corp., Canada’s largest payments card processor, also launched a new suite of devices in April that have 3.5-inch touch colour screens while still keeping a physical keypad.

ALSO READ: Bodies of B.C. fugitives believed to have been found in Manitoba

The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

Police name second suspect, lay kidnapping and attempted murder charges in connection with Rudy Johnson Bridge incidents

Drynock is considered dangerous, do not approach him and call the local RCMP detachment immediately

Skeena-Bulkley Valley candidates react to finding Trudeau broke ethics law

The election campaign is heating up before the writ has even dropped

Links probable between homicide, missing persons investigation in Williams Lake

Rich ‘Savage’ Duncan the victim of Aug. 6 homicide

Heiltsuk challenges feds decision to award $67M contract to east coast towing company

Heiltsuk Horizon challenges decision to award emergency ship towing contract to Irving company

Jim Pattison takeover offer ‘non-binding,’ Canfor cautions investors

B.C. billionaire already big shareholder in forest industry

Bodies of two missing Surrey men found near Ashcroft: RCMP

Ryan Provencher and Richard Scurr have been missing since July 17

B.C. manhunt suspects left cellphone video before they died: family

Family member says Kam McLeod, Bryer Schmegelsky recorded final wishes

VIDEO: RCMP unveil new, state-of-the-art forensics lab in Surrey

The laboratory is expected to handle thousands of forensic services from across Canada annually

Scheer promises EI tax credit for new parents if Conservatives form government

The government currently taxes employment insurance benefits for new parents

B.C. seizes 1.5M grams contraband tobacco, down from 5.75M grams the year prior

The 2019-2020 seizures were a sharp drop compared to the 2018-2019 year,

B.C. Speaker tight-lipped about aide’s legislature security tour

B.C. Liberals question Alan Mullen’s drive across Canada, U.S.

B.C. sets rules for ride hailing, same minimum fee as taxis

Larger operating areas seen as threat by cab companies

Most Read