# Everything You Need to Know About Square Terminal
Square Inc. is a highly recognized and reputable company in the financial technology space. While the company is best known for its free mobile processing app, it is increasingly moving into the point of sale (POS) space with innovative and affordable hardware. Square Terminal is one such piece of hardware that is incredibly portable, versatile, and easy to use. In this beginner’s guide, we will explore everything you need to know about Square Terminal, including its features, design, pricing, and more.
## Features of Square Terminal
Square Terminal is an all-in-one card reader and receipt printer that is incredibly portable and easy to use. The device’s compact size makes it perfect for all kinds of businesses, including restaurants, beauty salons, kiosks, and retail environments where space is at a premium. It is also great for doctor’s offices and other professional environments that don’t require a full POS system.
The device runs on Point of Sale, which is Square’s free POS app. Square Terminal also offers limited compatibility with Square for Restaurants, which is the premium iPad POS app. While there are a few limitations to Square Terminal’s supported features, it offers everything merchants need to process payments without any additional hardware or software.
The device has a slim profile that won’t take up a lot of space, and the 5.5-inch screen is easily readable. Square claims that the battery is designed for all-day use, which can be a significant advantage for busy merchants. The device accepts magstripe, chip card, and contactless transactions without any additional hardware.
Overall, the design should be familiar to businesses that have used a traditional credit card terminal. However, Square Terminal improves the experience by offering an option to collect receipt signatures digitally. The full screen also allows customers to review their entire purchase by item, rather than just seeing the final total.
Optional accessories for the Terminal, including an adjustable countertop mount and a belt clip for mobile employees, are also available.
## Design of Square Terminal
Square Terminal is designed with simplicity and ease of use in mind. The device is incredibly compact, making it perfect for use in small spaces. The slim profile of the device won’t take up a lot of valuable counter space, which is an essential factor for many businesses.
One of the significant advantages of Square Terminal is its versatility. The device accepts magstripe, chip card, and contactless transactions without any additional hardware. The device’s design should be familiar to businesses that have used a traditional credit card terminal, but it improves the experience by offering a digital signature option.
The full screen also allows customers to review their entire purchase by item, which is a useful feature for buyers. The device’s compact size also makes it great for kiosks and other retail environments where space is at a premium.
## Pricing of Square Terminal
The pricing for Square Terminal is very reasonable, making it an attractive option for many merchants. If you are a new Square merchant and choose Terminal, you will receive a $300 processing credit. Square offers financing for hardware over $49 and flexible terms to better manage cash flow and costs.
When it comes to processing fees, Square Terminal charges 2.6% + $0.10 per transaction, rather than 2.75%. Merchants with an average ticket size less than $50 may end up paying more per transaction compared to the traditional 2.75%. However, there are some other benefits to Square Terminal, such as 24/7 phone support, that can offset the costs.
## Who Should Use Square Terminal?
Square Terminal is a great option for businesses of all sizes and types. Its compact size makes it perfect for restaurants that want to add tableside ordering or beauty salons that want to let customers pay from the chair. The small size also makes it great for kiosks and other retail environments where space is at a premium. It’s also ideal for doctor’s offices and other professional environments that don’t have space or need for a full POS system.
Whether Square Terminal is the right credit card processing system for your business will depend on your company’s revenues and pricing structure. However, the design will appeal strongly to certain niches. Take the time to research and make the best decision you can.
In conclusion, Square Terminal is a highly portable and versatile credit card processing system that has a lot to offer businesses of all sizes. With its all-in-one card reader and receipt printer, it is incredibly easy to use and adaptable to a wide variety of situations. The device’s compact size makes it perfect for use in small spaces, and its design is customizable for a wide variety of purposes. If you are looking for a cost-effective and reliable credit card processing system, Square Terminal is an excellent option to consider.