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Square chip-and-signature cardreaders available for pre-order ahead of next year’s changes

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Square chip-and-signature cardreaders available for pre-order ahead of next year’s changes

It may not yet be practical for micro businesses to fork out for the expensive NFC payment terminals needed for Apple Pay, but Square is ensuring that they will at least be all set for the shift to chip-and-signature cards next year. As of October 2015, any retailer without a chip-and-signature reader will bear the […]

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It would possibly not but be sensible for micro companies to fork out for the pricy NFC cost terminals wanted for Apple Pay, however Square is making sure that they are going to no less than be ready for the shift to chip-and-signature playing cards next yr.

As of October 2015, any store and not using a chip-and-signature reader will undergo the danger of fraudulent transactions, giving them a robust incentive to update their cardreaders. Fortunately, with Square, it’s now not a pricey shift: the iPhone reader will value simply $29 – the most cost effective available on the market – at the same time as the Chip Card Accessory for the Square Stand iPad terminal prices $39.

It can be fascinating to peer whether or not Square is later in a position to advance a low-value NFC reader to reinforce contactless playing cards and Apple Pay, however within the intervening time each chip-and-signature merchandise are available for pre-order now, with supply early next yr.


Filed underneath: iOS Devices Tagged: chip and pin, chip-and-signature, HID Global, iPad cardreader, iPhone, iPhone cardreader, micro business, Mobile payment, Near Field Communication, Small business, Square

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