Square's mobile payment processing now available Canada
Wednesday, 24 October 2012
Mobile payment processor Square is setting up shop in Canada, the company announced today. The mobile payment leader has been public about its plans to expand abroad for some time, but this marks its first new market outside of the US. In a press release, Square said it will handle Canadian transactions for the same 2.75 percent it charges in the US, that its Mobile Card Reader dongles will remain free, and that funds will be available to payees the following business day.
PayPal’s own dongle-based mobile payment service, PayPal Here, launched in Canada along with the US, Hong Kong, and Australia back in March, followed by the announcement of a joint venture with SoftBank to offer the service in Japan. PayPal’s president David...
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