Payment processing firm Square launches in Ireland in first push into eurozone

Payment processing firm Square has launched in Ireland, marking the firm's first push into the eurozone. Its e-money license from the Central Bank of Ireland, which it won last year, will now allow it to operate throughout Europe. 

Irish businesses can now sell online, in-person, or both with Square’s integrated suite of products at a processing rate of 1.75 per cent for all card-present transactions.

Square, founded by Twitter’s Jack Dorsey, offers a point-of-sale system for merchants with integrated payments processing via card networks. It competes with the likes of iZettle (now part of PayPal) to offer simple and easy to use payments and hardware to small businesses. 

It is already active in the UK but has recently been beta testing in Ireland where demand for digital payments has been rising. It is now rolling out to merchants across the country, buoyed by the growing demand for digital payments wrought by the pandemic.

Square offers a point-of-sale system for merchants with integrated payments processing via card networks. It competes with the likes of iZettle (now part of PayPal) to offer simple and easy to use payments and hardware to small businesses. 

Alyssa Henry, Executive Vice President, Square, said:  “Independent businesses are the backbone of Ireland’s economy, and deserve the same tools and resources as big enterprises,” said Jason Lalor, Executive Director for Square Europe. “Irish businesses can trust Square to be a fair, transparent, and innovative partner they can rely on to help them run their business in times of uncertainty, and beyond.”