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

Child care sector feels the squeeze in Alberni-Clayoquot Regional District

There are five children for every licensed child care space in the ACRD

Alberni Valley Community Forest manager hosts open house

More trails registered in community forest

EDITORIAL: We all have a say in Port Alberni’s annual budget

The City of Port Alberni released its proposed five-year financial plan for 2020-2024…

BUDGET 2020: High staff injury rate, poor condition of parks driving up costs in Port Alberni

City’s departmental budget presentations continue Dec. 4 with police, fire and technology

Vancouver Island singers warm up a winter night at Char’s Landing in Port Alberni

Singer/songwriter Kele Fleming and indie bard Aaron Trory to perform Dec. 7

VIDEO: A brief history of bumps in the Trudeau-Trump relationship

Remember Peter Navarro saying ‘there’s a special place in hell’ for a foreign leader who aims to cheat?

Opening day delayed at Mount Washington

Dec. 6 was set as opening day but will now be delayed due to lack of snow.

Province begins forfeiture of Shawnigan contaminated soil site

The forfeiture proceedings do not impact the closure plan for the landfill site

Man killed in crash due to ‘absolutely treacherous’ conditions on Coquihalla

Winter means icy roads are dangerous and drivers should be careful, RCMP say

Former Burns Lake mayor gets two years for sexual assaults against minors

The Crown is seeking four to six years federal time; the defence wants 18 months in provincial jail

Bag of cocaine left in Vancouver Island grocery store aisle

RCMP: ‘We sure would like to talk to’ person who left drugs behind

RCMP officer was justified using hose in rooftop standoff: B.C. watchdog

Police watchdog finds officers actions reasonable when man injured in 2018 incident

Cannabis ice cream? Province prepares for B.C. Bud edibles

Mike Farnworth’s special police unit takes down dispensaries

Union for parole officers at B.C. halfway house says public safety at risk

Increase in parole officers’ workload dealing with highest-risk offenders raises concern

Most Read