SAN FRANCISCO—Square reported it is making it easier for people to make payments with a new iPad point-of-sale terminal.
Customers will be able to tap more easily to pay in the participating stores, according to the company.
“This will be a new version of Square Stand, which was originally debuted in 2013,” Pymnts.com said.
The new version will integrate tap-to-pay technology into the terminal.
“That will help make everything more seamless, rather than the external device needed for the previous version to handle phone payments or tap-to-pay credit cards,” Pymnts.com explained.
The device requires merchants to pay a fee of 2.6% of a transaction’s price plus 10 cents whenever consumers swipe, dip or tap. The current model is priced at $169, and it’s unknown how much the new one will cost, Pymnts.com noted.