You local coffee shop might finally start accepting Apply Pay this week, thanks to the official launch of Square’s new card readers that support NFC payments, as well as new chip-and-pin debit cards.
Square is rolling out the new readers to 100 local business around the country, after revealing the new device at Apple’s Worldwide Developer Conference earlier this year in June.
Customers at participating merchants can now wave their iPhone or Apple Watch about the reader to have payment info instantly transferred to the cashier. The new readers also have a slot that you insert credit card into if you have a chip card.
A wider rollout of the new reader is expected to come within the coming months, helping Apple Pay make a bigger push into the payments space. More than 1 million stores across the US now accept Apple Pay, but the company is looking to make a bigger dent with small business. According to Apple Pay VP Jennifer Bailey, about 100,000 small to medium-sized merchants are adding Apple Pay every month.
