By Rich DeMuro
POSTED 4:00 AM, OCTOBER 19, 2018
Square is making it even easier to pay at small businesses with a new piece of hardware called Terminal. We talk to CEO Jack Dorsey about the new system.
Paying for purchases has never been easier, or more complicated.
There’s tap to pay, swipe to pay, tap or swipe with a pin, mobile payments and more.
Making matters worse, there’s no guarantee a merchant will accept the way you want to pay!
Once again, Square wants to change that.
I met up with CEO Jack Dorsey – the same guy who started Twitter – in the hip Haight Ashbury neighborhood in San Francisco to talk about the company’s latest product: Square Terminal.
“Our philosophy has always been it doesn’t matter which device comes across the counter… you should always be set up to make the sale,” explained Dorsey.
Back in 2010, Square made it easy for anyone to accept credit cards through a simple reader attached to their phone. Now, their latest target? Those “black boxes that look like they barely work and they have those grungy keypads,” said Dorsey.
Even the newest payment terminals at big-name retailers still seem antiquated, with their LCD screens, tiny fonts and confusing array of buttons.
NOW LISTEN: Here’s an extended interview with Square founder and CEO Jack Dorsey about why Terminal is a better solution, thoughts on entrepreneurship and how Square sees itself as an ally for small businesses.
From the Rich On Tech Podcast.
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Published on Oct 18, 2018
Take payments. Get paid. No surprises.
The old way of taking payments is finally made new. Square Terminal is your all-in-one credit card machine for payments and receipts. It’s secure, reliable, and an entirely fairer way to get paid.