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

Pair of Rockets added to NHL team’s prospect showcase

Kelowna’s Kyle Topping and Lief Mattson were added to the Carolina Hurricanes prospect roster

B.C. Culture Days hits Kelowna next month

The event will offer a variety of free activities in Kelowna, West Kelowna and Lake Country

Vernon man facing drug trafficking charges in Kelowna

The man was found with suspected cocaine, heroin and fentanyl and thousands of dollars in cash

Lawyers to hold pro bono ‘advice-a-thon’ in Kelowna’s City Park

Free legal advice will be given to low-income Kelowna residents from 10am-2pm on Sept. 10

Hell’s Angel prospect back in custody after being charged with assault

The 30-year-old man now faces several additional charges

Grass fire breaks out on highway south of Vernon

Highway 97 traffic slowed as firefighters snuff grass fire

Summerland relaunches net metering program

Event open house will be held Aug. 27 from 3 to 6 p.m in Arena Banquet Room

Conan turns to the Property Brothers for tips on buying Greenland

Jonathan Scott suggests removing glaciers and mountains to bring in ‘more natural light’

Jaws of Life used to rescue driver in North Okanagan crash

Single-vehicle MVI causes traffic delays on Highway 6

Forests minister visits B.C. town hit by multiple mill shutdowns

A third of Mackenzie turns out for rally, not much to cheer about

B.C. sockeye returns drop as official calls 2019 ‘extremely challenging’

Federal government says officials are seeing the same thing off Alaska and Washington state

Preliminary inquiry set for accused Penticton killer

John Brittain, 68, will be back in Penticton court from Jan. 27 to 31

B.C. music teacher accused of sexual misconduct involving girls

Police believe other victims could be out there after the arrest of Lamar Victor Alviar

Most Read