UK SMEs can now use the Square Virtual Terminal

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Square users in the UK can now accept payments using the Virtual Terminal that allows Square sellers to accept payments directly on their computer.

It is aimed at businesses such as professional service providers, contractors, and all those who run the majority of their business through their computer. It’s also useful for those who don’t need to regularly accept payments from their customers face to face, or need to access to tools and features that might not be available or optimised for iOS or Android devices.

Sarah Harvey, UK Lead for Square, said: “Virtual Terminal is something our sellers have been asking us for and has already proved hugely popular around the world. We are pleased to be bringing it to the UK’s thriving community of small and medium-sized businesses.”

Virtual Terminal launched in the US in October 2016 and was quickly rolled out worldwide with Japan, Canada and Australia following.

The product is free to sign up to and Square charges sellers a flat, transparent fee of 2.5% per transaction for Visa, Mastercard and American Express cards. Most sellers get their funds on the next working day, and there is no additional hardware required. For existing customers, Virtual Terminal syncs with every other payment processed with Square.

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