Square has launched a new feature allowing merchants in the United States to accept Bitcoin payments through its point-of-sale terminals. 

According to the company, transactions made in Bitcoin will not incur processing fees until 2027.

The payment processor, which is owned by Block, said that approximately 4 million sellers now have access to Bitcoin payment options, including automatic conversions and integrated wallet features within the Square platform.

“You can expand your customer base by accepting bitcoin payments and automatically receive them as BTC or USD,” the company said in a statement. 

“Plus, get zero processing fees until 2027, no chargebacks, and instant access.”

Jack Dorsey, Chairman of Square, added, “our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat.”

The company conducted its first live Bitcoin payment last month at Compass Coffee in Washington, D.C., during DC Fintech Week. 

The demonstration used the Lightning Network to complete the transaction. Square said the feature will now be available nationwide, excluding New York due to regulatory requirements.

Square’s new system enables merchants to accept Bitcoin payments through QR codes and either keep them in Bitcoin or convert them to U.S. dollars. 

Businesses can also choose to automatically convert up to half of their daily sales into Bitcoin. 

The company’s survey found that 29% of sellers are exploring Bitcoin conversions for savings, and most plan to use Bitcoin as a long-term asset. 

The feature is available across Square’s Free, Plus, and Premium plans, with no processing fees during the rollout period. 

Square stated that the update may help reduce transaction costs and settlement times while reflecting a wider move toward Bitcoin adoption in retail.

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