Twitter cofounder Jack Dorsey and his mobile payment processing startup Square are bringing its credit card readers to 440 Shoppers Drug Mart stores across Canada.
The Silicon-Valley based Square said 69 percent of Canadian consumers expect to use a credit card where they shop. Square’s Reader enables anyone to accept credit card payments on a mobile device and has seen rapid adoption from individuals and business owners across Canada.
The company was also in BetaKit recently, when it launched its third College Code Camp, a four-day immersion program for women studying computer science. The call for applications is open to Canadian and US-based women.
Square’s free card reader and free point of sale software enable merchants to securely accept credit cards and run their business from their iPhone, iPad or Android device. The mega-funded startup ($440.5 million) offers one simple, low transaction rate of 2.75 percent per swipe. Funds from swiped payments are available the next business day.
Earlier this year Square announced that it expanded the list of credit cards Canadian sellers could accept to include Discover and Diners Club. The Square Reader is also available at Apple, Best Buy, Future Shop, London Drugs, and Staples.
The company was cofounded by Dorsey, Tristan O’Tierney and Jim McKelvey.