Square Terminal is a self-contained payments processing device, unlike previous Square products that work with smartphones.
Consequently, the price is significantly higher: $439.
A 1.6% transaction fee applies regardless of card type.
“In 2016 we started helping the smallest Australian businesses accept card payments easily with our original Square card reader, and we didn’t stop there,” said Dorsey.
“We’re growing with our sellers, introducing new hardware that is still easy to access and quick to set up, but is also designed specifically to give bigger and more complex businesses better options when it comes to choosing a payments platform.”
Square Terminal has been designed with aesthetics in mind.
“Businesses are ditching clunky payment machines and legacy technology because they want fast, secure and intuitive hardware that looks professional on their countertops,” said Square head of hardware Jesse Dorogusker.
“Square Terminal is the answer. It’s a powerful device that incorporates elegant hardware with the Square payments service that businesses love — and it’s easy for them to buy and set up on their own terms.”
An early user of Square Terminal is Henry Lee Barbershop in the inner Melbourne suburb of Collingwood.
“Square Terminal does exactly what we need it to do and it looks much cooler and more professional than other machines we’ve used in the past,” said owner Lily Peddle.
“The other Square services that we love to use, like team management and data reporting, sync seamlessly with the device to help us run our business day to day.”
Square Terminal is available via Square's web site and from Officeworks stores.
It comes with 24/7 phone support, a one-year warranty and a 30-day risk-free trial period.