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[Square] Square - free mag stripe reader with sign up

  • Last Updated:
  • Feb 16th, 2019 10:25 pm
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[OP]
Member
Oct 15, 2006
252 posts
51 upvotes
Markham

Square - free mag stripe reader with sign up

Deal Link:
Price:
Free
Savings:
$10
Retailer:
Square
As per their site:

"Sign up for Square and we’ll drop your free Square Reader in the mail—no commitments or long-term contracts."

Not sure when I'd use this but maybe when I sell things on the BST forum accepting cc might be a good alternative lol
47 replies
Deal Fanatic
User avatar
May 9, 2009
5513 posts
1317 upvotes
Montreal
Square readers have been free since they launched years ago. Even if you buy one in-store for $10, the $10 is credited back to your Square account afterwards.
Sr. Member
Oct 12, 2012
574 posts
647 upvotes
Didn't know this, thanks OP! Just got mine today
Newbie
Nov 10, 2018
27 posts
17 upvotes
ON
Didn't know such devices are exist.
Thanks
Deal Addict
User avatar
Feb 7, 2003
1795 posts
69 upvotes
muffin4life wrote:
Feb 12th, 2019 12:06 am
2.65% swipe fee taken...
Competitive given they give you the hardware for free. 1 day turn around before funds deposited into your bank account.

Good option for RFDers who sell a lot and want to give buyers flex option of paying by credit card.
Deal Addict
User avatar
May 16, 2011
2297 posts
1522 upvotes
Clarington
muffin4life wrote:
Feb 12th, 2019 12:06 am
2.65% swipe fee taken...
I sell at farmer's markets. My sales went up over 30% once I started using square.

I use the new square reader now that costs $60 but let's you accept debit (debit is only $0.10 per transaction)
Deal Addict
Nov 14, 2006
1192 posts
436 upvotes
GTA
Bawler wrote:
Feb 12th, 2019 7:05 am
I sell at farmer's markets. My sales went up over 30% once I started using square.

I use the new square reader now that costs $60 but let's you accept debit (debit is only $0.10 per transaction)
Debit max transaction is $100 is the problem my wife has so she tries to get customers to use cash/credit if over $100 total.
Newbie
Nov 24, 2009
85 posts
141 upvotes
Cornwall, ON
Bawler wrote:
Feb 12th, 2019 7:05 am
I use the new square reader now that costs $60 but let's you accept debit (debit is only $0.10 per transaction)
Accepts Debit TAP or contactless payment for those official lingo people. It does not accept chip or mag strip debit. Although this applies to a majority of debit users, when your selling at a Trade show or Market you begin to realize how many people don't have debit tap and need to be specific when saying it accepts debit.

I wonder Canada will get the Paypal Here to offer some real competition to Swipe.
Deal Addict
User avatar
May 16, 2011
2297 posts
1522 upvotes
Clarington
fusack wrote:
Feb 12th, 2019 8:48 am
Accepts Debit TAP or contactless payment for those official lingo people. It does not accept chip or mag strip debit. Although this applies to a majority of debit users, when your selling at a Trade show or Market you begin to realize how many people don't have debit tap and need to be specific when saying it accepts debit.

I wonder Canada will get the Paypal Here to offer some real competition to Swipe.
I sold over $20,000 using Square last year at farmer's markets. I'd say the amount of people that I had to send away because they didn't have tap was in the single digits.
Member
User avatar
Dec 6, 2017
221 posts
79 upvotes
In for 1 for the odd selling of used gadgets.
Just one more deal.... :twisted:
Sr. Member
Nov 6, 2016
529 posts
454 upvotes
Ordered one, thanks OP... Not sure why the downvotes. If there is a better option then let's hear more about it but will use this for now for odd sales.
Sr. Member
Mar 12, 2004
962 posts
205 upvotes
Toronto, ON
2.65% is actually very good for casual use without equipment fee or monthly fee.
Paypal fee is 2.90%+0.30 I think.
Although the % fees can be lower, especially for non-premium cards, at traditional payment processors, the overall cost is likely higher for small volumes and most require a contract.

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