Square has turned on Bitcoin payments by default for eligible US businesses. Processing costs 0% through December 31, then a flat 1%. Payments are capped per transaction and per day, and the service is unavailable in New York.
Square has turned on Bitcoin payments by default for eligible US businesses. Sellers did not have to fill out a form or sit through a webinar.
The feature costs merchants 0% in processing fees through December 31. After that, a flat 1% fee applies.
How the rollout works
Square, the payments platform owned by Block, Inc., began auto-enabling Bitcoin acceptance on March 30, 2026. The full rollout across eligible sellers is scheduled to finish by November 10, 2026. Square's merchant network includes over four million sellers.
Payments run over the Lightning Network, a layer built on top of Bitcoin for fast, cheap transactions. The result is near-instant settlement.
By default, merchants receive US dollars, and the Bitcoin a customer sends converts automatically at the moment of payment. Sellers who want to hold Bitcoin can choose to keep it instead.
Fees, caps and limits
Processing is free through December 31, 2026, and the flat 1% starts January 1, 2027.
There are guardrails, however. Individual transactions are capped at approximately $600, and each seller faces a daily ceiling of about $20,000. The service is also unavailable in New York and certain other jurisdictions.
Merchants need no new equipment, Square says. The feature plugs into existing tools such as Square Register and Invoices, along with Square's apps. Square is also letting businesses convert up to 50% of eligible daily card sales into Bitcoin.
Why Block is doing this
The move reflects Block's ongoing effort to embed crypto into everyday commerce, with CEO Jack Dorsey and Bitcoin product head Miles Suter steering the initiative.
The pitch targets two complaints small businesses tend to have about accepting Bitcoin: volatility and operational hassle. Automatic dollar conversion addresses the first, and integration with existing Square tools addresses the second.
Source: Crypto Briefing
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