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Square charges $99 for Square Stand and $59 for its chip-based Square Reader. [54] The Square app is freely downloadable from the Apple App Store and the Google Play Store. Square charges a fee of 2.6% plus $0.10 on every electronically scanned credit card transaction [ 55 ] or 3.50% plus $0.15 per manually-entered transaction.
PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.
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Square is a payments platform that allows businesses to accept card payments and use smartphones or tablets or computers as payment registers for a point-of-sale system (POS). [ 74 ] [ 14 ] [ 75 ] The platform was founded in 2009 by Dorsey and McKelvey.
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