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Square Launches 'Square Bitcoin' With Zero-Fee Bitcoin Payments Starting Nov. 10

Square will waive processing fees through 2026 before a 1% fee begins in 2027.

Overview

  • Bitcoin payments open to eligible U.S. sellers on November 10, with the wallet and conversion features available now; New York is not supported at launch.
  • Merchants can accept bitcoin at checkout and opt to auto-convert up to 50% of daily card sales, all managed within the existing Square seller dashboard.
  • The integrated wallet lets businesses buy, sell, hold, and withdraw bitcoin directly from their Square accounts.
  • Square reports early adoption of its conversion tool, with participating sellers accumulating 142 BTC during the pilot.
  • Industry reports say the checkout runs on the Lightning Network for near-instant QR code payments; Square also introduced AI voice ordering and a deeper Grubhub integration for restaurants.