Square Stand launches in Apple, Best Buy retail locations

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Mobile payments company Square today announced the launch of the Square Stand in Apple and Best Buy retail locations. The Square Stand holds an iPad and turns it into a “complete point of sale,” allowing for the scanning of credit cards and processing of those payments.

Square launched its first service in 2010. The Square Register app on iOS and Android allows users to accept credit card payments through either manually entering the card details into the app or through the Square Reader, a small cube that plugs into the audio jack of supported smartphones and tablets. This cube reads the magnetic stripe on the back of the card. Square charges a 2.75% transaction rate on all transactions.

With the Square Stand, small businesses and individuals have access to the same service, on a larger scale. The stand is placed on a swivel, allowing for users to scan a customer’s credit card and then turn the iPad around to accept a signature.

The Square Stand is now available for $299. Additional accessories, including a receipt printer, cash drawer, and barcode scanner can be purchased separately. The original Square Reader device is still available for free for new users.

Square entered into a mobile payments partnership with Starbucks in January, and is also available at Walgreens, Target and more.

Watch a video of the Square Stand in action at real-world businesses below.

[H/T Mashable]