Square took another big step towards simplifying the payment processing experience for small businesses with the introduction of Square Stand on Tuesday.
Square Stand, which retails for $299, is a sleek countertop device that holds the iPad and has a credit card swipe machine built into it. The goal is to provide bricks-and-mortar stores with a simple and stylish alternative to traditional clunky cash registers.
“Local business owners take as a given that they need an ugly, slow, expensive and complicated point-of-sale system cluttering their counter,” Jack Dorsey, co-founder and CEO of Square, said in a statement. “Square Stand is elegant, fast, affordable and easy to use. Whether you’re selling cupcakes, cardigans or cappuccinos, running your business with Square has never been easier.”
Square Stand is currently available for pre-order on Square’s website and will ship in early July, though some local merchants around the country — including Blue Bottle and Cafe Grumpy — will have access to it in stores this week. Square also announced today that Best Buy will carry the device starting in July.
Earlier this year, Square introduced a “Business in a Box” package for stores, which includes an iPad stand, cash drawer and an optional receipt printer. Square effectively has a full suite of hardware products available for every stage of a merchant processing payments.
Square is now valued at more than $3 billion and processes more than $10 billion in payments annually from 3 million users and a network of more than 250,000 merchants.
Image courtesy of Square
Read more: http://mashable.com/2013/05/14/square-stand/