Square Reader for magstripe (Lightning Connector)

Square Reader for Magstripe (Lightning Connector)

$10.00

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9.2/10 (Expert Score)
Product is rated as #2 in category Credit Card Machines

Square Reader for Magstripe (Lightning Connector) Pricing & Features

Square Reader for Magstripe (Lightning Connector) - Product Overview/Review

The Square Reader for magstripe (Lightning Connector) by Square is the perfect payment solution for business owners on-the-go. This reader works with any Square point-of-sale app, allowing you to take payments on your iPhone or iPad whether you’re at your counter or out and about.

With the convenience of being able to see deposits in your bank account within one to two business days, this lightning connector reader simplifies the payment process. And for those who need their money instantly, enabling Instant Deposit for just 1% per deposit means getting paid in seconds is now a reality.

This reader also ensures fast and secure transactions, letting you pay 2.6% + .15 per swipe for Visa, Mastercard, Discover and American Express. Plus, it conveniently works with Lightning-enabled Apple devices running iOS 10.0.2 or later.

Overall, this Square Reader with the lightning connector gives business owners flexibility when accepting payments while providing peace of mind knowing each transaction is fast and secure – all backed by Square’s trusted reputation as a leading payment provider in today’s market.

>> Related: Square POS Hardware Promo Codes (Latest)

Square Reader for Magstripe (Lightning Connector) Pricing

Item Price Details
Square Reader for Magstripe (Lightning) $10 One-time purchase. Free with new Square account. Compact design connects via Lightning port.
Transaction Fee 2.6% + 15¢ Per swipe for Visa, Mastercard, Discover, and American Express. No monthly fees or contracts.
Payout Speed Next Business Day Funds deposit as quickly as the next business day.

Note: The first reader is free when you sign up for a new Square account. Additional readers can be purchased for $10 each.

Features Summary

  • Accepts all major credit cards: Visa, Mastercard, Discover and American Express
  • Lightning connector for easy, hassle-free connectivity to Apple devices running iOS 10.0.2 or later
  • Works with any Square point-of-sale app for seamless payment processing on the go or at your counter
  • Instant Deposit option available for just 1% per deposit to get paid in seconds
  • Fast and secure transactions guarantee peace of mind for both business owners and customers alike
  • Pay only 2.6% + .15 per swipe when processing payments with this reader
  • Provides convenience by allowing you to see deposits in your bank account within one to two business days

Square Reader for Magestrip (Lightning Connector) FAQs

Will the Square Reader for magstripe (with Lightning Connector) work with any iOS device?

No, this reader will only work with Apple devices that have a lightning connector and are running iOS 10.0.2 or later.

Can I use this reader on an Android phone?

This reader is not compatible with Android phones. However, Square does offer products that are compatible with various Android devices.

What types of payments can be processed using the Square Reader for magstripe (with Lightning Connector)?

This reader accepts Visa, Mastercard, Discover and American Express credit card payments swiped through the magnetic stripe on the back of the card.

Does this reader support contactless payments such as Apple Pay or Google Wallet?

No, this specific model of Square Reader does not support contactless payment methods like Apple Pay or Google Wallet. Other models like Square’s Contactless Reader offer this option.

Is it possible to process transactions offline using this device?

No, an internet connection is required to use the Square Reader for magstripe (with Lightning Connector). However, you can temporarily store transactions if you are in an area without Wi-Fi or cellular service.

How quickly can I expect deposits from transactions processed using this reader to appear in my bank account?

Typically deposits should appear within 1-2 business days after a transaction has been processed.

How easy is it to set up and activate my Square Reader for magstripe (with Lightning Connector)?

Setting up your new square reader takes just a few minutes and activation also happens quickly once you’ve completed connecting it properly, so generally speaking, it’s pretty easy!

What do I need to know about fees when processing payments using the square Magstripe Reader?

There are no setup fees or hidden costs involved in using this device. The fee per swipe is just 2.6% + 15 cents when processing Visa, Mastercard, Discover or American Express payments. In the case you need your money in seconds instead of waiting a day or two for deposit to appear in your bank account there is a 1% Instant Deposit fee per deposit charge available for your convenience.


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Specification: Square Reader for Magstripe (Lightning Connector)

Part Number

A-SKU-0523

Model

A-SKU-0523

Color

white

Release Date

2018-11-01T00:00:01Z

Size

1.06 in. (27 mm)

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Square Reader for Magstripe (Lightning Connector)
Square Reader for Magstripe (Lightning Connector)
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