The Square Card Reader is quickly becoming a popular form of payment service in Canada. While still a new form of payment processing, the company is already selling its smartphone and tablet hardware in 250 retail locations throughout the country.
Among some of the company’s biggest retail supporters are Apple, Best Buy, and Futureshop.
Customers wanting to take advantage of Square’s credit card processing services must pay $9.95 for the app. Once they begin using the reader, however, they receive a $10 rebate directly from Square.
Bringing the Square Reader to the masses has meant relying heavily on retail locations. Since launching its retail sales program in January 2012, the company has added 20,000 outlet partners throughout the United States.
In the US, partners have included AT&T, Walgreens, Staples, FedEx Office, Apple, Wal-Mart, Best Buy, RadioShack, and Target.
In a statement regarding the company’s growth in North America, a Square spokesperson writes:
“Neighborhood retail locations are an important resource for small business owners to discover new opportunities and technologies that can help them grow. We’re hoping to bring the same retail success to Canada that we’ve seen in the U.S.”
With $10 billion in payments processed throughout the United States in 2012 and more than 2 million businesses now supporting the Square program, we can only begin to imagine just how far the company can go.
In the meantime, Square is fighting off increasing competition from PayPal Here, Visa.Me, and various other upstart programs.
Do you think the Square Card Reader is the best option on the market at this time?