(Reuters) - Canadian e-commerce software maker Shopify Inc (SHOP.TO) said on Thursday it had launched a new wireless card reader in the United States.
The rates charged will be about 2.4 percent per swipe, and the device will compete with the likes of Jack Dorsey-led Square Inc’s (SQ.N) card reader, which costs merchants at least 2.75 percent per swipe.
New customers, and existing merchants not yet using the company’s point-of-sale systems can get the reader for free.
Merchants who own a Shopify point-of-sale system will have to pay $29 for the reader, the company said. Square, which also makes wireless card readers, sells it for $49.
Shopify’s card reader will be available online on the company’s website.
Reporting by Ahmed Farhatha in Bengaluru; Editing by Shounak Dasgupta