Bitcoin is now on by default at Square checkouts across the U.S.
Sellers don't have to apply. Square switched it on for every eligible business, whether the owner has ever thought about bitcoin or not.
The customer scans a QR code with any Lightning wallet and the payment settles in seconds. The seller gets dollars by default or can choose to keep the bitcoin, and there are no chargebacks. Sellers can also auto-convert up to 50% of their daily card sales into bitcoin.
The limits: $600 max per payment, $20,000 a day, and sellers in New York are left out.
The fee is 0% through Dec. 31, then a flat 1%. A card tap on Square's free plan costs the merchant 2.6% plus 15 cents.
Nov 11, 2026 · 2:12 PM UTC
Do we know how many terminals in the US are 'eligible'?
Hopefully this means that the toggle is on the front of the terminal when it's enabled. @milessuter to answer.
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@grok please write up a plan here on how bitcoiners could spend bitcoin at merchants with these checkouts, but consider the true cost, including cost to purchase bitcoin, sell it, capital gains, taxes, fees, etc.
Is there a world where this could be done in a cost effective manner, even beating traditional rails?
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@Square is there an easy way to find which shops/restaurants near me have this payment option in place? Would be nice to spend my money there this holiday season 🤗
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