Square launches "Terminal" to rival keypad credit card machines

posted about 2 months ago
Square unveiled a device that competes with keypad-based credit-card machines, part of the payment company’s broader effort to attract new merchants. The product, called Square Terminal, lets sellers ring up sales, process any type of payment and print receipts from one device. It is also referred to as a "futuristic cash register."

The hardware costs $399, and the company charges a transaction fee for every payment. Sellers that are new to Square will get a discount on the machine. Square Terminal also has software that lets merchants access inventory, create discounts and send invoices.
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