Square’s new card reader will bring Apple Pay to everyone

Square is getting Apple Pay support
Square is getting Apple Pay support.
Photo: Square

About 95 percent of the coffee shops and stores I frequent in the Phoenix area use a Square reader or terminal to process payments, and virtually none of them support Apple Pay. That could soon change, though, thanks to a new contactless payments terminal from Square that will bring Apple Pay to businesses small and large this fall.

Apple Pay will work on Square registers starting in 2015

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Square is getting Apple Pay in 2015. Photo: Square
Square is getting Apple Pay in 2015. Photo: Square

The launch of Apple Pay last month was seen by many as a possible deathblow to Square’s mobile payments service, but CEO Jack Dorsey told CNN today that he doesn’t view Apple Pay as a competitor at all. In fact, Dorsey says his company is open to all forms of payment methods, and they plan to start accepting Apple Pay next year.

Snapchat now lets you send friends cash to pay for those naughty selfies

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snapcash

Snapchat has become the go-to method for sending naughty nudes to your friends, but with a big update released today, the app is hoping you’ll start using it to send something a little more valueable: money.

Snapchat announced today that it’s partnering with Square to bring Snapcash to its ephemeral messaging platform, giving the ability to wirelessly transfer money directly from a bank account. And all it takes is a single snap.

The company even made a whacky 60’s style commercial to promote the new feature:

Square plans to add Apple Pay and Bitcoin support to next register

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squareregisteripad

Apple Pay is threatening to put mobile payments companies like Square and PayPal out of business when it launches next month, but according to Square co-founder Jack Dorsey, Apple Pay isn’t actually a threat to his company.

Dorsey revealed yesterday that Square is hoping to use Apple Pay to its advantage by building a new register for sellers that accepts Apple Pay and pretty much every other form of payment you can slide across a counter.

Square reportedly turned down $3 billion offer from Apple

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Square is getting Apple Pay in 2015. Photo: Square
Square is getting Apple Pay in 2015. Photo: Square

Apple put mobile wallet payment platforms like Google Wallet, Square and PayPal on notice this week with the reveal of Pay, but before Cupertino decided to launch its answer to the wallet, sources tell TechCrunch the company was eyeing an acquisition of Square.

Square’s simplistic payments platform seems like it would have been the perfect fit for Apple and would have added “Next Steve Jobs Nominee” Jack Dorsey to its loaded executive ranks, but after Apple executives failed to put enough cash on the table, Square walked away from negotiations.