Square Expands Payments Service to Canada

Square said it was going to launch internationally by the end of the year, and today it announced that its payments service is also available in Canada. Just like in the U.S., Square’s card reader for Android and Apple devices is free, and it charges 2.75 percent per swipe. In September, Square closed a $200 million round of funding to help it expand internationally, so you can bet there are more markets coming.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work