Square today announced the launch of Square Register, a new point-of-sale device that joins Square Stand and Square Reader, the company's existing iPad and iPhone-based point-of-sale systems.
Unlike Square Stand and Square Reader, Square Register is a fully integrated solution with hardware and software designed by Square. The device features a large display that faces the cashier, and at the back is a second, smaller display that's customer-facing.
The smaller display offers up a look at the order total and allows customers to swipe their cards to make a payment. With previous Square solutions, the display had to be flipped around so both customer and cashier could use it, but the two-display option alleviates that problem.
Priced at $999, Square Register is meant for businesses that want to use Square's software but are looking for a more professional checkout system than an iPad or an iPhone can provide. A transaction fee of 2.5 percent plus 10 cents per transaction is also required, but all major credit and debit cards are supported and it includes protection from eligible chargebacks.
Merchants can also opt to pay $49 per month for the Square Register over the course of 24 months, and there are custom pricing options for large businesses.
Like other Square point-of-sale options, Square Register is equipped with NFC and will allow businesses to accept Apple Pay payments. Other features include support for accessories through a five-port USB hub and Ethernet and offline support for use even in situations with poor connectivity.
Still waiting for square to support chip and pin (not chip and signature). Since Most people pay in Canada using debit, and not everyone has contactless cards, it is very limiting here. My wife uses square but also has a pinpad from her bank.
Canada has very strict banking rules not allowing on screen PIN, unlike other countries. Square in U.K. and AUS Ask for the PIN right on the screen of iPhone/iPad. US Square is still chip and signature only as well.
If you have a small check average, this will cost you a lot more than 2.75% and here is why.
Let’s say you are a cafe or a sandwich shop (majority of square’s Customer) with an average check of $12
Traditionally you would pay square $12X2.75%= $0.33
With the new plan you’ll pay $12X2.5% + $0.10= $0.40
Now if you sell 100 tickets a day (average 2600 transaction a month considering weekends)
That’s 2600X$0.07= $182 extra cost monthly.
And of course if you have a high ticket amount, the 2.5% plus $0.1 will be a lot cheaper than before.
But this register is mostly designed for cafe, restaurant counter service businesses. [doublepost=1509395819][/doublepost]
Forgot those saying this is too costly, I’d like for them to get a regular POS system with credit card reader that supports Apple Pay, Chip and Swipe, a customer facing LCD/card terminal, has inventory control, and time cards, etc .....then report to me how expensive it is.
For a lot of businesses, this is a wonderful deal!
Yes I realize a cash drawer, and scanner are extra with this deal, but so are the ones with the other guys. A full Clover setup outright is around $1500
You are correct but consider that with clover you can get better pricing even if you are a small business. As far as the hardware goes, it’s pretty much going to be around the same ballpark.
Also clover’s monthly fee can still offset cheaper rate.
It’ll be cheaper for some businesses and more costly for the others.
Overall IMO they both lack quality customer service.
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Top Rated Comments
Let’s say you are a cafe or a sandwich shop (majority of square’s Customer) with an average check of $12
Traditionally you would pay square $12X2.75%= $0.33
With the new plan you’ll pay
$12X2.5% + $0.10= $0.40
Now if you sell 100 tickets a day (average 2600 transaction a month considering weekends)
That’s 2600X$0.07= $182 extra cost monthly.
And of course if you have a high ticket amount, the 2.5% plus $0.1 will be a lot cheaper than before.
But this register is mostly designed for cafe, restaurant counter service businesses.
[doublepost=1509395819][/doublepost]You are correct but consider that with clover you can get better pricing even if you are a small business. As far as the hardware goes, it’s pretty much going to be around the same ballpark.
Also clover’s monthly fee can still offset cheaper rate.
It’ll be cheaper for some businesses and more costly for the others.
Overall IMO they both lack quality customer service.
I bet it's running a customized version of Android.
Too costly for me. I'll go the iPad route.