Square Lets 4M Merchants Accept Fee-Free Bitcoin Payments
Square has introduced a new POS integration enabling over four million merchants to accept Bitcoin payments directly at checkout with zero fees until 2027. The opt-in feature supports Bitcoin-to-Bitcoin, Bitcoin-to-fiat, and fiat-to-Bitcoin conversions, allowing merchants to settle in BTC or fiat via the Square dashboard. Online and invoicing payment options are coming soon. After the fee-free period, transactions will incur a competitive 1% fee—below typical credit card rates. By removing cost barriers and leveraging its existing POS integration, Square aims to drive crypto adoption, streamline merchant onboarding, and boost Bitcoin payments in everyday commerce.
Bullish
Square’s roll-out of fee-free Bitcoin payments for millions of merchants reduces barriers to crypto transactions, likely boosting on-chain activity and demand for BTC in the short term. Lower processing costs and seamless POS integration enhance merchant and consumer adoption, strengthening Bitcoin’s everyday use case. Over the long term, this move could cement mainstream acceptance of Bitcoin, expand its payment network, and support sustained price growth, making the overall impact bullish for BTC.