Printed from http://www.electronista.com

Starbucks commences in-store sales of Square payment system

updated 07:05 pm EST, Thu January 3, 2013

Availability of reader advances Square and Starbucks partnership

Expanding its partnership with mobile payment service Square, Starbucks announced today that it has commenced sales of Square Mobile Card Readers in its 7,000 US stores. The companies have already partnered to allow Starbucks customers to access the Square Directory while in the stores, and Square processes Starbucks' US credit and debit card transactions. The payment processing hardware and app combo is available for $10, with a $10 rebate for first-time users. Square takes a flat 2.75 percent of transactions processed by the card reader.

Forrester analyst Denee Carrington said that Square has been "working with the moms and pops of the world, small coffee shops and that kind of thing, but this certainly gives them another level of presence in the market. Now in addition to the neighborhood coffee shop, they'll be at every corner of New York City."

Starbuck's chief executive Howard D. Schultz is on the Square board of directors. In addition, in August, Starbucks invested $25 million into the startup.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

iRig Pads

When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

DoxieGo Portable Scanner

Sometimes, people need to scan things, but having a computer at hand to do so isn't exactly feasible. Maybe it's the home of a relativ ...

Sponsor

toggle

Most Commented

 
toggle

Popular News