Starbucks announced that it will be selling Square card readers across more than 7,000 of its locations in the U.S. for $10 each. The deal includes an offer to give customers $10 back if they’re first-time users.
Square has been the only credit and debit card processor for Starbucks and the coffee giant has invested $25 million in the start-up in the past. Starbucks also accepts payments from Square’s mobile wallet app Square Wallet.
With the mobile card reader, almost anyone can become a merchant — at the price of a 2.75% fee per card swipe.Related