Square Launches 'Terminal' For Card and Mobile Payments
*By Bridgette Webb*
Square wants to revamp those drab credit card readers.
The San Francisco-based company on Thursday debuted the Square Terminal, a new all-in-one hardware device that enables businesses to accept all physical debit and credit cards and mobile payments through Apple ($AAPL) Pay, Google ($GOOGL) Pay, Samsung Pay, and NFC.
"It's a great combination of our amazing payment service and combines it with hardware that's integrated all in one ー beautiful and exactly the technology all kinds of business need," Jesse Dorogusker, Square's hardware lead said in an interview on Cheddar.
"It's all set up to replace all terminals and legacy terminals out there."
The Terminal costs $399 and carries a 2.6 percent and 10 cent transaction fee for every payment. Square ($SQ) is offering a $300 credit as an incentive for businesses to switch over.
The device broadens the scope of company's suite of products, which includes the counter-top Square Register ($999) aimed at larger retailers, the small Bluetooth card reader ($49) for mom-and-pop shops, and a free magnetic stripe reader.
The launch also comes about a week after the company said long-time CFO Sarah Friar would step down to become the CEO of social network Nextdoor. Her departure shook investors in the company ー shares fell 20 percent in the two days after the news.
But Dorogusker isn't worried.
"Sarah is a tremendous leader, we are really excited for her," he said.
"She's had a lifelong dream of being a CEO, and I know she will be a great executive at the helm. We have a lot of confidence in our ambitions, momentum, and the performance of this team."
For full interview [click here](https://cheddar.com/videos/square-launches-new-device-for-credit-cards-and-mobile-payments).
Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol in bars and restaurants as young as 14.
Target once distinguished itself as being boldly supportive of the LGBTQ+ community. Now that status is tarnished after it removed some LGBTQ+-themed products and relocated Pride Month displays to the back of stores in certain Southern locations in response to online complaints and in-store confrontations that it says threatened employees’ well-being.
With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit.
The average long-term U.S. mortgage rate rose this week to its highest level since mid March, driving up borrowing costs for prospective homebuyers facing a housing market that’s constrained by a dearth of homes for sale.
On this edition of Stretching Your Dollar, Corey William Schneider talks about how he made exploring the city a full-time job by founding the New York Adventure Club.
Facebook owner Meta on Wednesday cut positions across its business and operations teams in the final round of layoffs that were first announced in March.
The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate.
