Square to Sunset Square Reader for Magstripe

When the Square Reader for Magstripe hit the market in Canada just over a decade ago, it was a game changer for small businesses to accept credit card payments. Fast forward to 2019 and we were excited to announce our favourite little payment processor Square was able to accept credit and debit card payments wirelessly. Since then the technology has taken a leap, industry regulations have changed and the market has moving away from the tried and true magstripe. It’s now focusing on more secure chip and pin technology and contactless transactions. To that end, Square has announced that their flagship Square Reader for Magstripe will be discontinued officially in Canada on October 13, 2022.

This includes both the original headphone jack versions as well as the model that incorporates Apple’s Lightning connector.

The company says that those accepting Square payments can continue to use the magstripe but has given date of September 23, 2023 at which time there may be additional fees charged for its use. There’s no specific date given at which the reader will no longer function.

With chip and pin and contactless now king, Square has a number of other options so it makes sense the original reader is now history.

For additional information, visit Square.

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