Square has been having a lot of success with their mobile payment solution for merchants. The startup headed up by Jack Dorsey, same guy behind Twitter recently secured a 200 million funding round and also closed a big deal with Starbucks (in the US only for now). As more and more Canadian are outfitting themselves with smartphones the opportunity for mobile commerce rises. With Square’s arrival, Canadian merchants will now be able to take payments through an iPhone, iPad or Android device for a flat fee of 2.75 per transaction.
No word yet on when Square will bring their Square Wallet solution which let’s users through they smartphones.
Mastercard, PayPal, and Visa all seem to be waiting quietly in the wind, maybe this will trigger one of them to step up development and stop waiting for the perfect sceneri0880o between consumers-retailers-devices and just launch and learn.
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Square finally launches in Canada, bringing with it a mobile payment solution: https://t.co/kc90T5e3 | via Profectio
Square Launches In Canada, Brings Mobile Payment Solution https://t.co/mvbuQGoW
This should not be treated as a milestone for Square, but anyhow good luck with dealing canadian customers. I think they won’t find your rates that attractive even if you lure them with starbucks. I am happy I switched from Square to mPowa (www.mpowa.com) when it was launched last July.
No chip and pin. This is the reason why Square had never made it across the pond to the UK. There is just no way their current technology can make it here. I have to say in terms of technology and strategy mPowa (www.mpowa.com) exceeds Square.