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This article was published on November 12, 2014

    Square’s first chip card Reader is now available to pre-order for merchants in the US

    Square’s first chip card Reader is now available to pre-order for merchants in the US
    Abhimanyu Ghoshal
    Story by

    Abhimanyu Ghoshal

    Managing Editor

    Abhimanyu is TNW's Managing Editor, and is all about personal devices, Asia's tech ecosystem, as well as the intersection of technology and Abhimanyu is TNW's Managing Editor, and is all about personal devices, Asia's tech ecosystem, as well as the intersection of technology and culture. Hit him up on Twitter, or write in: [email protected].

    Mobile payment processor Square just launched its first chip-and-signature card reader that plugs into smartphones and tablets, thereby allowing merchants in the US to accept payments from both chip-based cards and magnetic-stripe cards. At $29 apiece, Square says the new Reader for Chip Cards is the cheapest chip-enabled reader on the market.

    The new reader works with iOS and Android devices, and encrypts transaction data from start to finish to ensure secure payments. This offering comes well in time for merchants to make the mandatory switch to chip-based card-compatible payment terminals before October next year.

    Square Stand owners who use their iPads to receive payments via magnetic-stripe cards, can also purchase the new Chip Card Accessory, which plugs in via USB and accepts chip cards, for $39.

    Chip Card Accessory for Square Stand

    Both products are available for pre-order today from Square’s online store, and buyers can expect delivery early next year.

    ➤ Square Shop

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