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Square has activated Bitcoin payments for merchants using its point-of-sale system, allowing sellers to accept BTC directly at checkout. The feature is part of the broader Square Bitcoin product suite under Block, led by co-founder Jack Dorsey.
Good to Know
Merchants can now choose settlement formats across Bitcoin and fiat. According to Dorsey, sellers can receive Bitcoin to Bitcoin, Bitcoin to fiat, fiat to Bitcoin, or fiat to fiat, depending on preference. The company calls the setup flexible enough for both merchants who want to hold BTC and those who want instant conversion.
Jacob Szymik, an account executive at Square, noted that the feature currently applies only to in-person point-of-sale usage. He said online checkout and invoice payments are planned for upcoming updates. He added that Square will not charge fees on Bitcoin transactions until 2027. The company had previously discussed a 1% fee after the no-fee period. Traditional credit card fees generally land between 1.5% and 4%, which is part of what Square is positioning against.
The Bitcoin payment feature follows a conversion tool launched in October that allows sellers to convert part of daily card sales into BTC. Both offerings form Square Bitcoin, which aims to offer merchants straightforward Bitcoin earning, payment, and custody options.
More than four million sellers across eight countries use Square, including the United States, the United Kingdom, France and Japan. Early user reports on X show merchants already enabling the BTC checkout option.
Dorsey also highlighted a new global merchant map released by the product team at Cash App, showing where Bitcoin payments are accepted. He added:
“Convince your local square seller to turn on Bitcoin acceptance for zero fees on sales. Convince them to keep it as Bitcoin to help them better survive dollar debasement.”
Yes. Merchants can choose to settle in Bitcoin or convert to fiat instantly.
No. Zero fees apply through 2027.
Not yet. Online and invoice payment support is planned.
Square operates in eight regions including the U.S., U.K., France and Japan.