Square Opens Bitcoin Payments to U.S. Merchants
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AI-assisted source synthesis · not an independent investigation.
On November 12, 2026, PYMNTS reported that Square this week opened Bitcoin payment acceptance to eligible U.S. merchants. Merchants can receive Bitcoin through the Lightning Network without having to hold cryptocurrency. Square will waive processing fees for this service through the end of 2026 and plans to charge a 1% fee starting January 1, 2027. The feature covers Square’s ecosystem of more than 4 million merchants, but the report noted that not all merchants are eligible to use it, and not all merchants will accept Bitcoin. The report did not specify merchants’ actual usage or payment status after the promotion ends.
AI-written from reports · updated 3 hours ago
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- PYMNTSSquare launches free Bitcoin payments: Will merchants be willing to pay after the promotion ends?
This week, Square made Bitcoin payments available to eligible U.S. merchants, who can accept payments via the Lightning Network without holding cryptocurrency. Square will waive processing fees through the end of 2026 and charge 1% starting January 1, 2027. The feature covers its ecosystem of more than 4 million merchants, but not all merchants are eligible or will accept Bitcoin.
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