Overview

• Merchants can accept Bitcoin at checkout over the Lightning Network, manage funds in a built-in wallet, and automatically convert up to 50% of daily card sales into BTC.
• Square will handle exchange rates and payment confirmations behind the scenes, with a 1% processing fee scheduled to begin on January 1, 2027.
• Bitcoin payments will start on November 10 for eligible U.S. sellers, with New York excluded due to state regulations and wider availability expected into 2026.
• The launch targets more than 4 million U.S. sellers using Square, offering a large potential footprint for real-world Bitcoin acceptance.
• Early users have accumulated about 142 BTC through the conversion feature since pilots began in 2024, according to company data.