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The free Square reader is popular with many small businesses, but check out this guide to the Square reader to find out if it's the right fit for you!
Are you looking for an easy way to accept credit and debit card payments? Square has become synonymous with low-cost credit card processing and is a very popular choice for small businesses.
However, with recent advancements in credit card processing technology, the magstripe-only free Square reader may no longer be the best choice for businesses looking for a mobile payments solution or those trying to avoid the expense of a dedicated countertop credit card terminal.
So, is Square right for your business?
While the free Square reader for magstripe is a great entry-level option, we’ll explain why it shouldn’t be your primary method of accepting payments. We’ll also provide details on where you can obtain Square credit card readers and their associated costs.
Table of Contents
When Square first launched in 2009, the free magstripe reader “dongle” that came with your account was your only option for swiping credit or debit cards. Today, however, merchants have a variety of card readers and POS terminals to choose from.
For this article, we’ll confine our discussion to only those devices that have a mobile payments capability.
Are you intrigued by the offer of a free Square card reader? If so, you might wonder where to get your free Square reader. As you might have guessed, it’s easiest to get your free swiper directly from Square when you sign up for an account. However, if you’re in a hurry, you can also purchase the Square reader through an approved vendor and get a credit for the purchase price directly from Square after you sign up for an account.
The free Square reader is a great offer, but don’t let the free deal sway you without digging into the overall processing costs, features, and, ultimately, what you’ll need over the long term to grow your business. Your actual needs will depend on your overall processing volume, average ticket size, and other factors.
Businesses with higher-ticket sales should avoid using the Square free reader, except as a backup means of processing a transaction. We strongly suggest that businesses with higher risks of chargebacks and higher ticket prices go for an EMV-compliant reader, such as the Square Contactless + Chip Reader, so that you can get better protection from fraud and chargebacks. Although the Square Terminal is more expensive, it allows you to print paper receipts and integrates with other devices, such as a cash drawer or the Square Point of Sale system.
Low-volume, smaller-ticket businesses and those that only occasionally need to accept a credit/debit card payment are less likely to have issues with the magstripe reader. However, we strongly suggest upgrading to the EMV chip reader to future-proof your payments setup and protect you from fraud.
Overall, the free reader and the robust features that Square offers make them an excellent value for lower-volume small businesses.
Get Your Free Credit Card Reader
Square |
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Square is an industry-leading point-of-sale and payment processing provider. Sign up for a free account and get a complimentary card reader for use with Square POS. Start For Free.
Get Your Free Credit Card Reader
Square |
---|
Square is an industry-leading point-of-sale and payment processing provider. Sign up for a free account and get a complimentary card reader for use with Square POS. Start For Free.
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