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Starbucks to Sell Square’s Mobile Card Readers in Store

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Starbucks to Sell Square’s Mobile Card Readers in Store
[ Business]

Would you like a mobile payments processing unit with your caramel macchiato?

Square and Starbucks are further bolstering their relationship, building on one that already includes millions in investment and a payment option deal. Starting soon, Starbucks customers will be able to purchase Square mobile card readers at their coffee giant’s 7,000 stores.

The Square card reader normally sells for $10, but the company offers a full rebate for new Square-using businesses.

Last August, Square and Starbucks entered into a (slightly more important) partnership that saw Starbucks’ 7,000 stores offer Square as a payment option. Square now processes Starbucks’ credit and debit transactions, and customers can also use their Square Wallet (cardless app) to buy their morning cup of coffee.

Starbucks’ further investment in helping Square become the top mobile payments option in major stores around the country is no surprise considering Starbucks is a major investor in Square. Last September, Square closed a round of funding that included $25 million from Starbucks.

Starbucks CEO Howard Schultz also joined Square’s Board.

At the time, Square boasted that it was now processing over $8 billion in payments annually. To keep that growth, more small businesses will need to start using Square as their mobiel payments option. And getting their card readers in 7,000 of the most popular retail stores around is a pretty good start.

[via TechCrunch]

Starbucks to Sell Square’s Mobile Card Readers in Store
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  • http://annapolisdentalcare.com Annapolis Dentist

    I have a small business too and i think it’s about time i check out square. not sure if starbucks will help boost the sales of square though?

  • Sam Doug

    I have known this will happen and they finally did it. Will it bolster their sales? Most probably as a lot of businessmen like to conduct business affairs in coffee shops like Starbucks. Though I don’t personally. I still keep tab of Square as I initially wanted to have their reader but they never launched in the UK. I opted to use mPowa’s card reader (www.mpowa.com) when they launched and so far has have no cause for complaints. Happy with it.

  • mParker

    Another bold move from Square! Congratulations for choosing the best ever partner (Starbucks). But, that won’t make me change my provider that is mPowa (www.mpowa.com). I am satisfied with mPowa’s services and they even give me more thank what I expect from them.