In a major step toward bringing Bitcoin into mainstream commerce, Square has rolled out Bitcoin payment support across millions of point-of-sale terminals in the United States. The feature allows sellers to accept Bitcoin transactions directly at checkout, with no processing fees until 2027, according to Block Inc., Square’s parent company.

Square’s Bitcoin integration goes live

Starting today, over 4 million Square vendors can accept Bitcoin payments from customers. Merchants can choose how they want to receive funds: as Bitcoin (BTC), U.S. dollars (USD), or a combination of both. The system also supports automatic conversions, built-in wallets, and Bitcoin-to-fiat transfers through the same Square dashboard many businesses already use.

“Our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat,” said Jack Dorsey, Chairman of Square and CEO of Block Inc on his X account.

The launch follows a successful pilot held last month at Compass Coffee in Washington, D.C., during DC Fintech Week. The first live Bitcoin payment, a coffee purchase, was processed through Square’s new system using the Lightning Network, which enables fast, low-cost transactions. Square has since confirmed that the full rollout is now live nationwide, except in New York, where state regulations continue to pose barriers.

How Square Bitcoin payments work

The new feature simplifies Bitcoin transactions for small businesses. Sellers can accept Bitcoin via QR code and either hold it or automatically convert proceeds into dollars. Businesses may also set an automatic conversion limit of up to 50% of daily sales into Bitcoin, helping merchants diversify savings and hedge against currency fluctuations.

“You can expand your customer base by accepting bitcoin payments and automatically receive them as BTC or USD,” the company said in its launch announcement. “Plus, get zero processing fees until 2027, no chargebacks, and instant access.”

Miles Suter, Head of Bitcoin at Block, emphasized the company’s goal to make Bitcoin usable in everyday payments.

“We’re making Bitcoin payments as seamless as card payments,” he said. “Through Square and Cash App, we’re helping Bitcoin become everyday money — not just a store of value.”

Square noted that while Bitcoin conversions will incur a small fee, the payments themselves will remain free until 2027. After that date, a nominal 1% transaction fee will be introduced, still lower than the typical 2.5% to 3.5% charged by credit card processors.

Merchant adoption and user experience

According to an internal Square survey, roughly 29% of merchants are considering partial Bitcoin conversions for business savings, while 89% of those interested said they plan to hold Bitcoin as a long-term treasury asset. The shift reflects growing merchant interest in using decentralized currency as a financial hedge and investment tool.

internal Square survey.
internal Square survey. Source: Square

The integration also brings new operational possibilities for small businesses. With near-instant settlement and no chargeback risks, Bitcoin payments may help lower fraud exposure while offering faster access to funds compared to traditional payment rails.

“Starting today, over 4 million Square sellers can accept Bitcoin at checkout. Zero fees until 2027. Instant settlement. Global freedom,” wrote Jacob Szymik, a Square account executive, in a post confirming the rollout.

Expanding global adoption and next steps

Square’s Bitcoin payment option is available for in-person sales through its terminals, though the company has confirmed that online and invoice-based payment features are under development. The corporate team also announced the upcoming launch of a global Bitcoin merchant map, developed by the Cash App product team, to help users locate stores worldwide that accept BTC via Square.

The effort aligns with Jack Dorsey’s long-standing vision of enabling open and decentralized financial systems.

“The switch is flipped – and this is only the start,” Jacob Szymik, Account executive of Block and Square wrote, encouraging merchants and customers worldwide to embrace Bitcoin as a form of digital cash.

Significance for Bitcoin and Block’s ecosystem

Square’s parent company, Block Inc., has been expanding its Bitcoin ecosystem through both product innovation and strategic investment. Block currently holds over 8,000 BTC, valued at nearly half a billion dollars, and continues to develop infrastructure including the Bitkey hardware wallet.

In the third quarter of 2025, Block generated $1.97 billion in Bitcoin revenue, accounting for nearly one-third of its total revenue, and remained one of the largest corporate supporters of Bitcoin development.

By enabling millions of merchants to accept Bitcoin directly, Square’s move represents one of the most significant endorsements of digital currency for real-world commerce.

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