Easy commerce for everyone (real name ‘Square’) has finally stepped into Canadian territory. The service enables fast payments for anyone running a business in Canada, no matter where the business is located. Although not the first mobile payment system in Canada, it’s one of the most popular based on its success in the U.S., as its backed by Twitter founder Jack Dorsey.
If you sign up for Square Canada, you’ll get a free Mobile Card Reader and the Square Register application available for free in the App Store. With these two and your iDevice in your pocket or purse you can start your business rolling and cash in, all you need to is use them when a customer wants to make a payment.
Each of the 75 million active Canadian credit cards can be used starting today. Payments are processed fast, which means the funds Square collects will be available the next business day, with you only paying a 2.75% fee per swipe. There are no other hidden fees.
According to the company’s press release Square took a huge step forwards when stepping in Canada. This market is the first one outside the US, where more than 2 million individuals and businesses are using this service, resulting in more than $8 billion in annualized payments for Square.
In addition to the free point-of-sale feature, the Square app comes with great features such as daily report monitoring, inventory tracking, and even provides tools to surprise your customers with customized rewards and loyalty programs. In other words, to help you and your business grow.
Have you started your registration to Square to receive the free Mobile Card Reader?