The New Square Stand Payment Terminal is Easy to Use By All
Michael Hemsworth — April 11, 2022 — Business
The new Square Stand payment terminal has been unveiled by the brand as a solution for retailers to incorporate into their business for streamlined checkouts.
The device works in a similar manner to the original by mounting a tablet and functioning like a POS system, but now features a built-in contactless card reader and a card slot. This enables retailers to quickly ring up customers, swivel the unit around and allow for painless payments in an instant. The system is available now for $149 and is compatible for use with the 2019, 2020, and 2021 base-level iPads, the 2019 iPad Air, and the 10.5-inch iPad Pro.
The company commented on the new Square Stand payment terminal in a statement saying, "New software for Square Stand creates a faster, more transparent checkout process that includes an order summary screen and illuminated payment icons on the face of the device to guide customer transactions and speed up purchases. These additions provide sellers and shoppers with the benefits of a customer display without the need for a second screen.”
The device works in a similar manner to the original by mounting a tablet and functioning like a POS system, but now features a built-in contactless card reader and a card slot. This enables retailers to quickly ring up customers, swivel the unit around and allow for painless payments in an instant. The system is available now for $149 and is compatible for use with the 2019, 2020, and 2021 base-level iPads, the 2019 iPad Air, and the 10.5-inch iPad Pro.
The company commented on the new Square Stand payment terminal in a statement saying, "New software for Square Stand creates a faster, more transparent checkout process that includes an order summary screen and illuminated payment icons on the face of the device to guide customer transactions and speed up purchases. These additions provide sellers and shoppers with the benefits of a customer display without the need for a second screen.”
Trend Themes
1. Tablet Payment Terminals - Tablet-based payment systems with built-in card readers and contactless payment options offer streamlined checkouts and faster transaction times.
2. POS System Upgrades - Upgraded POS systems that incorporate touchscreen tablets and mobile wallets offer businesses an opportunity to enhance customer experiences and streamline checkout.
3. Self-service Checkout - Self-service checkout systems that use tablet-based payment terminals offer a cost-effective solution for small businesses and improve service speed for customers.
Industry Implications
1. Retail - Retail businesses can upgrade payment terminals to provide customers with faster and more efficient checkout experiences, leading to increased customer satisfaction and loyalty.
2. Hospitality - Tablet-based payment systems equipped with contactless payment options will allow hospitality businesses to offer faster and more convenient payment options to their customers.
3. Small Business - Self-service checkout systems that use tablet-based payment terminals offer a cost-effective solution for small businesses while streamlining customer checkout and reducing the need for dedicated personnel.
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