Square launches in Canada
telecom | 10/24/2012 9:11 pm EDT
San Francisco-based company Square Inc., which enables credit card payments on smartphones and tablets, launched its service in Canada on Wednesday.
In a release, Square said its free Mobile Card Reader plugs into the headphone jack of Apple Inc.’s iPad and iPhone, or Google Inc.-powered Android devices, enabling small business owners to process credit card transactions.
The company said its application processes payments at the rate of 2.75 per cent per swipe.
The application has more than two million users in the U.S. and processes more than $8 billion US in annualized payments, the release said, adding that Canada is Square’s first international market.
“We’re thrilled to introduce Canadian businesses and their customers to the most seamless and enjoyable way to do business,” Alyssa Cutright, vice-president of international for Square, said in a statement.
The company said its Square Register app is available for free in the Apple and Google app stores.
Square said the app serves as a full
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