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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Water movement increased in Houston reservoirs

Measure in response to 2019 boil water notice

Crown won’t appeal sentence in child sex assault case of former Burns Lake mayor

B.C. Prosecution Service said sentence doesn’t meet standard for appeal

Miscommunication led to three people turned away at pipeline checkpoint: RCMP

Mounties were installing new access procedures after checkpoint was set up for Coastal GasLink site

Pipeline at centre of B.C. conflict is creating jobs for First Nations: chief

All 20 elected band councils along the Coastal GasLink pipeline route have signed benefits agreements

Coastal GasLink makes new request to meet with First Nation pipeline opponents

President writes letter following Premier John Horgan’s comments on law needing to be followed

Canada to bolster screening of central China passengers for virus at 3 airports

Additional measures will include messaging on arrivals screens in Toronto, Montreal and Vancouver

Coastal GasLink repeats desire for meeting with hereditary chiefs

Coastal GasLink says they’re ready to meet with the hereditary chiefs at their convenience

Closed mills, housing surge support a positive forecast for lumber industries

B.C. lumber producers have closed mills accounting for 18% of province’s capacity, RBC report says

Good Samaritan pays part of rent for B.C. woman facing eviction in can-collecting dispute

Zora Hlevnjak, 76, supplements her pension by collecting cans and receiving public donations

Kelowna’s ‘Baby Mary’ finds biological parents after more than 30 years

Geneologist and DNA test helped her connect with her biological parents

Kelowna hotel to award couples for baby-making with Nooner deal

The deal includes a free stay every Valentine’s Day for the next 18 years

‘Scariest boat ride of my life’: Passengers trapped by ice on rocky B.C. ferry sailing

The Nimpkish docked in Bella Coola on Jan.12 coated in a thick layer of ice

B.C. pair ordered to pay $55,000 for oil tank discovered four years after selling home

Judge says defendants breached contract, despite being unaware of tank until basement flooded

Canada to give $25,000 to families of each Canadian who died in Iran plane crash

Prime Minister Justin Trudeau also made it clear that Canada still expects Iran to compensate victims

Most Read