News Release Sales of the "Square Reader" start on August 6 at LAWSON stores nationwide.

NEWS RELEASE

TOKYO, JAPAN, 8 06, 2013

"Square Reader", the Credit Card Reader begins sale at LAWSON stores
Making commerce easy with your smart phones and tablets, instead of POS terminals!
Sales of the "Square Reader" start on August 6 at LAWSON stores nationwide.

Lawson, Inc. (Head Office: Shinagawa Ward, Tokyo; Representative Director and CEO: Takeshi Niinami) and mobile payment company, Square, Inc. (Head Office: California, USA ; CEO: Jack Dorsey) began sales of "Square Reader" (980 Japanese yen, taxes not included) (*1), the credit card reader from Tuesday, August 6, 2013 at LAWSON stores in Japan (10,071 stores as of June 2013, excluding LAWSON STORE 100).

"Square Reader" is the credit card reader that enables simple, safe and secure credit card payment with smart phones and tablet terminals. Business owners can use a smart phone or a tablet for credit card payment as if they were a POS register, by just attaching "Square Reader" onto the device and by downloading "Square Register" (*2), a free application software. The transaction rate is fixed at 3.25% per swipe, regardless of business size. The payment to the business owner is deposited into their bank account within the next business day if it is to a designated bank, and deposit will be made within 7 business days for other banks.

"Square Reader" had been sold only at the Web site of Square, Inc. and the Apple store until now. This time, it will be available at LAWSON stores throughout Japan, making it easier for business owners to purchase the "Square Reader" and utilize it for their credit card transactions.

 

(*1)"Square Reader" is free of charge in effect, if you apply for registration via Web site with the code on the bonus card included in the package. (https://squareup.com/jp/bonus) After the registration, you will be rewarded a bonus of 1,000 yen which will be transferred to your designated bank account.

(*2)"Square Register" is a free software application used together with "Square Reader" as a set.

 

<Image of “Square Reader” with a credit card and a smart phone>

Image of “Square  Reader” with a credit card and a smart phone

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